Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Newmont Mining Plans Senior Notes Offering

RELATED NEWS
Trade NEM now with 
3/5/2012 11:53 AM ET

Newmont Mining Corp. (NEM: Quote) said Monday that it plans to offer senior unsecured notes pursuant to the company's shelf registration statement filed with the Securities and Exchange Commission.

The notes will be guaranteed on a senior unsecured basis by the company's subsidiary Newmont USA Ltd.

The company said it plans to use net proceeds from the offering for repayment of the outstanding balance under the company's senior revolving credit facility, settlement of certain forward starting swaps contracts, remaining payments to be made during 2012 in connection with the exercise of the early purchase option under the sale-leaseback agreement relating to the company's refractory ore treatment plant in Nevada, and general corporate purposes.

The company plans to place the remaining proceeds in short-term liquid investments.

Click here to receive FREE breaking news email alerts for Newmont Mining Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks moved mostly lower during trading on Wednesday, giving back some ground after trending higher over the past several sessions. Selling pressure was relatively subdued, however, limiting the downside for the markets. The major averages all closed in the red, although the tech-heavy Nasdaq underperformed its counterparts by a wide margin. Russian Foreign Minister Sergei Lavrov warned Wednesday that Moscow would retaliate strongly if its "interests" in Ukraine are attacked. He also criticized the Ukrainian administration for relaunching its so-called anti-terrorist operation in the east of the country a day earlier. Lavrov's remarks came in an interview with Russia Today, which published excerpts of the English-language interview to While selling pressure has remained relatively subdued, stocks continue to see modest weakness in mid-day trading on Wednesday. The losses on the day come on the heels of the upward trend seen over the past several sessions. The major averages have moved roughly sideways in recent trading, lingering in the red.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.