Freeport-McMoRan subsidiary increases revolver, extends to 2028

Chicago, Nov. 17 – Freeport-McMoRan Inc.’s subsidiary PT Freeport Indonesia announced a Nov. 17 amendment and restatement of its five-year senior revolver, according to an 8-K filing with the Securities and Exchange Commission.

Availability has been increased to $1.75 billion from $1.3 billion.

The maturity date has been extended to November 2028 from July 2026, and the applicable margin rates have been reduced.

As of Nov. 17, no borrowings were outstanding.

Proceeds are available for general corporate purposes, including to fund projects relating to the expansion of smelter and refining capacity in Indonesia.

Freeport-McMoRan is a Phoenix-based international mining company.

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