Summary
Newmont Goldcorp Corporation (formerly Newmont Mining Corporation) settled its previously announced exchange offers on April 22, 2019, related to its business combination with Goldcorp. This filing details the issuance of new notes by Newmont Goldcorp in exchange for existing Goldcorp notes, and the settlement of these exchange offers. The exchange offers facilitated the integration of Goldcorp's debt into Newmont Goldcorp following the acquisition. The company issued new 3.625% Notes due 2021, 3.700% Notes due 2023, and 5.450% Notes due 2044, with specific principal amounts exchanged. These new notes are senior unsecured obligations of Newmont Goldcorp, guaranteed by a subsidiary. Investors should note that these new notes were issued without registration under the Securities Act, but Newmont Goldcorp has entered into a registration rights agreement to facilitate their future registration.
Key Highlights
- 1Newmont Goldcorp successfully settled exchange offers for Goldcorp's debt on April 22, 2019, as part of the acquisition integration.
- 2Approximately $472.4 million of new 3.625% Notes due 2021 were issued.
- 3Approximately $810.2 million of new 3.700% Notes due 2023 were issued.
- 4Approximately $443.6 million of new 5.450% Notes due 2044 were issued.
- 5The newly issued notes are senior unsecured obligations of Newmont Goldcorp, with a subsidiary providing a senior unsecured guarantee.
- 6The new notes were initially issued in a private placement and are not registered under the Securities Act of 1933.
- 7A registration rights agreement was executed, obligating Newmont Goldcorp to register the new notes within specified timeframes.