Summary
This filing is an amendment to a previous 8-K, primarily to include XBRL tagging. The core event detailed is Newmont Goldcorp's public offering of $700 million in 2.800% Senior Notes due 2029. The company expects to receive approximately $688 million in net proceeds from this sale, after accounting for underwriting discounts and expenses. The primary use of these proceeds is to repay $626 million in outstanding 5.125% senior notes maturing on October 1, 2019. Any remaining funds will be allocated for general corporate purposes. The closing of this note offering is anticipated around September 16, 2019, subject to standard closing conditions. The notes are unsecured and will rank equally with existing and future unsecured senior debt.
Key Highlights
- 1Newmont Goldcorp priced a $700 million public offering of 2.800% Senior Notes due 2029.
- 2Net proceeds are estimated at approximately $688 million after expenses.
- 3The primary use of proceeds is to repay $626 million of 5.125% senior notes maturing on October 1, 2019.
- 4Remaining proceeds will be used for general corporate purposes.
- 5The offering is expected to close around September 16, 2019.
- 6The new notes are unsecured and will rank equally with existing and future unsecured senior debt.
- 7The notes are guaranteed on a senior unsecured basis by Newmont USA Limited.