DENVER - Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM), a global leader in gold production, has initiated a private offering of senior unsecured notes due 2026 and 2034. The notes, guaranteed by Newmont USA Limited, a wholly owned subsidiary, are aimed at institutional buyers in compliance with Rule 144A and Regulation S under the Securities Act of 1933.
The company plans to allocate the net proceeds from this offering to repay all outstanding borrowings under its revolving credit facility. The remaining funds will be directed towards general corporate purposes. Previously, Newmont used its credit facility and cash reserves to repay around $1.9 billion in principal from bilateral credit debt, which was part of the acquisition of Newcrest Mining (OTC:NCMGF) Limited.
This offering is not open to the public and will not be registered under the Securities Act or state securities laws. Therefore, the notes cannot be offered or sold in the United States without either registration or an exemption from registration requirements.
Newmont has emphasized that this press release contains forward-looking statements, which are based on assumptions that may prove incorrect. The company cautions that these statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.
Founded in 1921 and publicly traded since 1925, Newmont is not only the world's premier gold company but also a producer of copper, silver, zinc, and lead. The company operates in Africa, Australia, Latin America & the Caribbean, North America, and Papua New Guinea and is recognized for its commitment to environmental, social, and governance practices.
As per company statements, Newmont's purpose is to generate value and positively impact lives through sustainable and responsible mining practices. This announcement is based on a press release statement from Newmont Corporation.
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