Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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

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.

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

Quick Facts

Editors Pick
Stocks came under pressure in early trading on Friday and remained firmly in the red throughout the remainder of the trading session. With the losses on the day, the S&P 500 pulled back well off yesterday's record closing high. President Barack Obama is meeting with presidents from Central American nations on Friday as the U.S. struggles to deal with a surge of unaccompanied children across the southern border. Despite calls from some leading conservatives, the results of a new CNN/ORC International poll released Friday showed that a vast majority of Americans do not believe that President Barack Obama should be impeached and removed from office.
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.