logo
Share SHARE
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
Rite Aid Corp. and Walgreens Boots Alliance Inc. have secured regulatory clearance for an amended and restated purchase agreement, under which Walgreens will buy 1,932 stores, three distribution centers and related inventory from Rite Aid for $4.375 billion in cash. Department store operator Kohl's Corp. said that it will offer free, convenient returns for Amazon.com Inc. customers in 82 of its stores across Los Angeles and Chicago, starting in October. Kohl's will pack and ship eligible Amazon return items for free to Amazon return centers, thus providing an additional service and convenience to Amazon customers within select Kohl's stores. Germany's Adidas AG has overtaken Jordan brand to become the second ranking brand of U.S. sport footwear, according to athletic footwear data in August compiled by The NPD Group. Adidas now owns 13% of the sneaker market in the United States. Nike Inc., which is also the parent of the Jordan brand, maintained its top spot.
comments powered by Disqus
Follow RTT