Newmont Goldcorp Announces Pricing of 2.800% Senior Notes Offering
Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (formerly known as Newmont Mining Corporation) (“Newmont Goldcorp” or the “Company”) announced today the pricing of its public offering of $700 million aggregate principal amount of 2.800% senior notes due 2029 (the “Notes”). Subject to customary conditions, the offering is expected to close on September 16, 2019. The offering is being made pursuant to the Company’s shelf registration statement filed with the Securities and Exchange Commission.
The Notes will be senior unsecured obligations of the Company and will rank equally with the Company’s existing and future unsecured senior debt and senior to the Company’s future subordinated debt. The Notes will be guaranteed on a senior unsecured basis by the Company’s subsidiary Newmont USA Limited.
The Company estimates that the net proceeds to us from the offering will be approximately $690 million, after deducting estimated discounts (before expenses). The Company intends to use the net proceeds of this offering for repayment of the Company’s outstanding 5.125% senior notes due October 1, 2019 and any remaining portion for general corporate purposes.
Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering. Copies of the preliminary prospectus supplement and accompanying prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, may be obtained from Goldman Sachs & Co. LLC by calling toll-free at (866) 471-2526, or J.P. Morgan Securities LLC by calling collect at (212) 834-4533. An electronic copy may also be obtained at www.sec.gov.
This news release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the prospectus supplement or the shelf registration statement or prospectus.