Newmont to repay revolver borrowings with proceeds of new notes

By Wendy Van Sickle

Columbus, Ohio, March 4 – Newmont Corp. plans to repay all borrowings under its revolving credit facility with some proceeds of two series of notes that priced on Monday, according to a news release.

The remaining proceeds will be used for general corporate purposes. Newmont previously used revolver borrowings, along with cash on hand, to repay about $1.9 billion of bilateral credit debt acquired by Newmont as part of its acquisition of Newcrest Mining Ltd.

The gold and copper producer is based in Denver.

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