Newmont announces early tender results for exchange offers

Chicago, Dec. 8 – Newmont Corp. announced the results of the exchange offers for notes from Newcrest Mining Ltd. to change the issuer to Newmont in preparation for the announced acquisition, according to a press release.

As of the early deadline, the following amounts were tendered for notes technically issued by Newcrest’s subsidiary Newcrest Finance Pty Ltd.:

• $622,081,000, or 95.7%, of the $650 million outstanding 3.25% notes due May 13, 2030 (Cusips: 65120FAD6, Q66511AE8);

• $459.71 million, or 91.9%, of the $500 million outstanding 5.75% notes due Nov. 15, 2041 (Cusips: 65120FAB0, Q66511AB4); and

• $483,896,000, or 96.8%, of the $500 million outstanding 4.2% notes due May 13, 2050 (Cusips: 65120FAE4, Q66511AF5).

For noteholders who tendered by the early deadline, they will receive a one-to-one exchange consideration, plus $1.00 in cash.

Noteholders who tender after the early deadline will receive $950 per $1,000 note, plus the same $1.00 cash consideration.

The issuers were also soliciting consents in conjunction with the exchange offers.

The proposed amendments will eliminate certain covenants, restrictive provisions, events of default and related provisions from such indentures.

The exchange offers are conditional upon the other exchange offers and consent solicitations.

The tenders received were sufficient to consider the consent solicitations successful.

The early tender deadline was at 5 p.m. ET on Dec. 8. Withdrawal rights have expired.

The offers and consent solicitation will expire at 5 p.m. ET on Dec. 26.

Settlement is expected for Dec. 28.

The offer is only open to qualified institutional buyers. An eligibility form is available at www.dfking.com/newmont-newcrest.

D.F. King & Co., Inc. is the information and exchange agent for the offer (800 718-9960, 212 269-5550, newmont@dfking.com).

Newmont is a gold, copper, zinc and lead producer based in Denver. Newcrest is a Melbourne, Australia-based gold producer and gold mining company.

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