FONT-SIZE Plus   Neg

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

Newmont Mining Corp (NEM) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Microsoft's (MSFT) office assistant Cortana for iOS beta has arrived, but only 2000 people will be able to test the virtual assistant. Apple confirmed that it has bought face animation software firm Faceshift, although it was tight lipped about how it intends to use the new addition. The move is speculated as a bid to expand into virtual reality. Environment ministry of South Korea Thursday ordered Volkswagen Korea to recall 125,522 diesel vehicles on determining actual emissions of nitrogen oxides. The ministry has asked the German automobile maker to pay a fine of 14.1 billion Won or $12.31 million. The company has to submit a recall plan by January 6, 2016.
comments powered by Disqus
Trade NEM now with 
Follow RTT