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Newmont Mining Prices Public Offering Of $2.5 Bln Senior Notes - Quick Facts

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Newmont Mining Corp (NEM: Quote) announced the pricing of public offering of $2.5 billion of senior notes. This consists of 3.500% senior notes due 2022 in the principal amount of $1.5 billion and 4.875% senior notes due 2042 in the principal amount of $1.0 billion. The offering is expected to close on March 8, 2012.

The company estimates offering net proceeds, after expenses, will be about $2.460 billion.

The Company intends to use offering proceeds for repayment of senior revolving credit facility, settlement of swaps contracts and general corporate purposes.

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by RTT Staff Writer

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