Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Newmont Mining Plans Senior Notes Offering

RELATED NEWS
Trade NEM now with 

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
Here is a list of interesting stocks to watch on December 19. The good news is you can skip this step. There is a next move that can make your life a lot easier. Our research team has already done the groundwork for you. All these stocks listed below and many more have been researched already, and... Shares of OvaScience Inc. (OVAS) have had a strong run in 2014, rising over 370 percent year-to-date. And that's indeed a very impressive return delivered by the fertility treatment company, which suffered a setback last year when it had to suspend a U.S. trial of its flagship fertility treatment due to regulatory concerns raised by the FDA. Nike Inc., the world's largest athletic shoes and apparel maker, said Thursday after the markets closed that its second quarter profit rose 23% from last year, helped by higher revenue and improved gross margin. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue.
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.