Newmont Goldcorp Announces Successful Completion of Consent Solicitation for its 5.875% Notes due 2035
Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (formerly known as Newmont Mining Corporation) (Newmont Goldcorp or the Company) announced today that the Company has successfully completed the previously announced solicitation of consents (the “Consent Solicitation”) from holders (the “Holders”) of its outstanding 5.875% Notes due 2035 (the “Notes”) to effect the Amendments (as defined below) to the indenture governing the Notes (the “Indenture”).
The Consent Solicitation expired at 5:00 p.m., New York City time, on August 23, 2019 (the “Expiration Date”). As of the Expiration Date, Holders of approximately $575,330,000 (95.89%) in aggregate principal amount of the outstanding Notes had validly delivered (and not validly revoked) their consents to the Amendments. Newmont Goldcorp will pay, or cause to be paid, a cash payment equal to $33.33 per $1,000 aggregate principal amount of the Notes (the “Consent Fee”) for which Holders had validly delivered (and not validly revoked) their consents to the Amendments on or prior to the Expiration Date. Newmont Goldcorp intends to pay the Consent Fee on August 28, 2019.
In connection with the Consent Solicitation, a supplemental indenture to the Indenture was executed in order to (i) release Nevada Gold Mines LLC, a Delaware limited liability company, as a guarantor of the Indenture and the Notes (the “Guaranty Release”) and (ii) conform the provisions of the guarantor merger covenant in the Indenture to the corresponding provisions in the indenture governing Newmont Goldcorp’s Notes due 2019, Notes due 2022, Notes due 2039 and Notes due 2042 (the “Conforming Amendment” and, together with the Guaranty Release, the “Amendments”) as described in the Consent Solicitation Statement, dated August 16, 2019 (the “Consent Solicitation Statement”). Except for the Amendments, all of the existing terms of the Indenture and the Notes remain unchanged and in effect in their current form.
D.F. King & Co., Inc. acted as the information and tabulation agent for the Consent Solicitation (the “Information and Tabulation Agent”). Questions or requests for assistance related to the Consent Solicitation may be directed to the Information and Tabulation Agent at (212) 269-5550 (banks and brokers) and (800) 867-0821 (toll free). Holders may also contact their broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Consent Solicitation.