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
Chipmaker Advanced Micro Devices Inc. said Thursday after the markets closed that its first quarter loss narrowed from last year, helped by strong revenue growth in its graphics and visual solutions business. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue. After trending higher over the past few sessions, stocks showed a lack of direction throughout the trading day on Thursday. The major averages spent the session bouncing back and forth across the unchanged line before ending the day mixed. While the major averages closed on opposite sides of the unchanged line, they all showed only modest moves. U.S. Secretary Of State John Kerry said Thursday that he and his counterparts from Russia, Ukraine and the European Union have reached an agreement on a preliminary plan for ending the ongoing crisis in Ukraine. Kerry was speaking at the end of the Ukraine contact group's first meeting, comprising the foreign ministers of Russia, Ukraine, the EU and the U.S., in the Swiss city of Geneva.
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.