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Newmont Corporation Announces Early Results of the Tender Offers for Any and All of its 3.700% Notes due 2023 and Goldcorp’s 3.700% Notes due 2023 and Related Consent Solicitations


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Dec 17, 2021  •  45 minutes in the past  •  8 minute learn  • 

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DENVER — Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) introduced at the moment the early outcomes of the beforehand introduced affords to buy for money any and all of the excellent (i) 3.700% Notes due 2023 (the “Newmont Notes”) issued by Newmont (the “Newmont Notes Offer”) and (ii) 3.700% Notes due 2023 (the “Goldcorp Notes” and, along with the Newmont Notes, the “Notes”) issued by Goldcorp Inc., a wholly-owned subsidiary of Newmont (“Goldcorp”) (the “Goldcorp Notes Offer” and, along with the Newmont Notes Offer, the “Offers” and every, an “Offer”).

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The phrases and situations of the Offers and the Consent Solicitations are described in the Offer to Purchase and Consent Solicitation Statement, dated December 6, 2021 (the “Offer to Purchase”), beforehand distributed to holders of the Notes.

Newmont has been suggested that as of 5:00 p.m., New York City time, on December 17, 2021 (such date and time, the “Early Tender Deadline”), (i) $89,459,000 in combination principal quantity of the Newmont Notes had been validly tendered (and not validly withdrawn) pursuant to the Newmont Notes Offer and delivered consents pursuant to the Newmont Notes Consent Solicitation, representing roughly 28% of the excellent Newmont Notes, and (ii) $4,003,000 in combination principal quantity of the Goldcorp Notes had been validly tendered (and not validly withdrawn) pursuant to the Goldcorp Notes Tender Offer and delivered consents pursuant to the Goldcorp Notes Consent Solicitation, representing roughly 4% of the excellent Goldcorp Notes. Newmont intends to buy all Notes validly tendered (and not validly withdrawn) at or previous to the Early Tender Deadline on December 20, 2021 or as promptly as practicable thereafter (the “Early Settlement Date”).

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Newmont has not obtained the Requisite Consents for the execution of supplemental indentures to amend the relevant indentures governing the Notes, as set forth in the Offer to Purchase. Accordingly, supplemental indentures to the relevant indentures governing the Notes won’t be executed. Any Notes not tendered and bought pursuant to the Offers will stay excellent and can be ruled by the phrases of the relevant indentures governing the Notes.

Holders who validly tendered (and didn’t validly withdraw) their Notes at or previous to the Early Tender Deadline can be eligible to obtain the relevant complete consideration (the “Total Consideration”) for such collection of Notes, which incorporates an early tender fee of $50.00 per $1,000 principal quantity of Notes of such collection validly tendered (and not validly withdrawn) and accepted for buy pursuant to the relevant Offer (the “Early Tender Payment”). Holders who validly tendered (and didn’t validly withdraw) Notes at or previous to the Early Tender Deadline will obtain the Total Consideration equal to (i) $1,037.27 per $1,000 principal quantity of Newmont Notes and (ii) $1,037.27 per $1,000 principal quantity of Goldcorp Notes, in every case, as calculated in the method described in the Offer to Purchase. In addition to the relevant Total Consideration for such collection of Notes, holders of Notes of such collection accepted for buy pursuant to the relevant Offer will obtain accrued and unpaid curiosity on the Notes accepted for buy pursuant to the relevant Offer from and together with the most up-to-date curiosity fee date to, however excluding, the Early Settlement Date.

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Holders of Notes of every collection who haven’t but tendered their Notes of such collection have till 11:59 p.m., New York City time, on January 4, 2022 (such date and time, as the identical could also be prolonged, the “Expiration Time”), to tender their Notes pursuant to the relevant Offer. Holders of the Notes who validly tender their Notes following the Early Tender Deadline, however on or previous to the Expiration Time, can be eligible to obtain the relevant “Tender Offer Consideration” for such collection of Notes, which is an quantity equal to the relevant Total Consideration much less the relevant Early Tender Payment. In addition to the relevant Tender Offer Consideration for such collection of Notes, holders of Notes of such collection accepted for buy pursuant to the relevant Offer will obtain accrued and unpaid curiosity on the Notes accepted for buy pursuant to the relevant Offer from and together with the most up-to-date curiosity fee date to, however excluding, the closing settlement date.

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Newmont’s obligation to just accept for buy, and to pay for, the Notes which are validly tendered (and not validly withdrawn) pursuant to the Offers is topic to the satisfaction or waiver by Newmont of sure situations to the Offers set forth in the Offer to Purchase, together with the issuance and sale of debt securities by Newmont on phrases passable to Newmont that may generate web proceeds in an quantity that’s enough to finance the buy of the Notes validly tendered and accepted for buy on or previous to the Early Settlement Date.

Notes that aren’t tendered and accepted for fee pursuant to the Offer will stay obligations of Newmont or Goldcorp, as relevant. There is not any requirement in the indentures governing the Notes or in any other case that Newmont or Goldcorp redeem any Notes, and except redeemed, such Notes will proceed to stay excellent. Newmont and Goldcorp at present intend to ship a discover of redemption to redeem any Notes that stay excellent after the Early Settlement Date.

This press launch doesn’t represent a discover of redemption beneath the non-obligatory redemption provisions of the Indentures. Any discover of redemption of the Notes can be delivered pursuant to separate notices of redemption delivered in accordance with the phrases of the relevant indenture.

The full phrases and situations of the Offers and Consent Solicitations are set forth in the Offer to Purchase that has been despatched to holders of the Notes.

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BMO Capital Markets Corp., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are performing as Dealer Managers for the Offers and Solicitation Agents for the Consent Solicitations. Persons with questions relating to the Offers and Consent Solicitations ought to contact BMO Capital Markets Corp. toll-free at (833) 418-0762 or accumulate at (212) 702-1840, Credit Suisse Securities (USA) LLC toll-free at (800) 820-1653 or accumulate at (212) 325-7823, Goldman Sachs & Co. LLC toll-free at (800) 828-3182 (toll-free) or accumulate at (212) 902-6351 and J.P. Morgan Securities LLC toll free at (866) 834-4666 or accumulate at (212) 834-4045. Requests for paperwork ought to be directed to D.F. King & Co., Inc., the Tender and Information Agent for the Offers and Consent Solicitations, at (212) 269-5550 (for banks and brokers) or (800) 549-6746 (for noteholders), or by way of the following net tackle: www.dfking.com/newmont .

This press launch is for informational functions solely and shouldn’t be a proposal to buy or a solicitation of a proposal to buy with respect to any of the Notes. The Offers and Consent Solicitations are being made pursuant to the tender provide paperwork, together with the Offer to Purchase that the Company is distributing to holders of the Notes. The Offers and Consent Solicitations aren’t being made to holders of Notes in any jurisdiction wherein the making or acceptance thereof wouldn’t be in compliance with the securities or different legal guidelines of such jurisdiction. None of the Company, the Dealer Managers and Solicitation Agents, the Tender and Information Agent or their respective associates is making any advice as as to whether or not holders ought to tender all or any portion of their Notes in the Offers and Consent Solicitations.

About Newmont

Newmont is the world’s main gold firm and a producer of copper, silver, zinc and lead. The Company’s world-class portfolio of property, prospects and expertise is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont is the solely gold producer listed in the S&P 500 Index and is widely known for its principled environmental, social and governance practices. The Company is an business chief in worth creation, supported by sturdy security requirements, superior execution and technical experience. Newmont was based in 1921 and has been publicly traded since 1925.

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At Newmont, our goal is to create worth and enhance lives by sustainable and accountable mining. To be taught extra about Newmont’s sustainability technique and initiatives, go to us at www.newmont.com .

Legal Cautionary Statement:

This press launch incorporates “forward-looking statements.” Where a forward-looking assertion expresses or implies an expectation or perception as to future occasions or outcomes, such expectation or perception is expressed in good religion and believed to have an affordable foundation. However, such statements are topic to dangers, uncertainties and different components, which may trigger precise occasions or outcomes to vary materially from future occasions or outcomes expressed, projected or implied by the forward-looking statements. Forward-looking statements usually tackle Newmont’s anticipated future enterprise, monetary efficiency and monetary situation and usually include phrases comparable to “anticipate,” “intend,” “plan,” “will,” “would,” “estimate,” “expect,” “believe,” “target,” “indicative,” “preliminary” or “potential.” Such forward-looking statements could embrace, with out limitation, statements relating to anticipated cut-off date for an providing of Newmont’s debt securities and the use of proceeds from such providing.

Estimates or expectations of future occasions or outcomes are primarily based upon sure assumptions, which can show to be incorrect. Such assumptions embrace, with out limitation: (i) there being no important change to present geotechnical, metallurgical, hydrological and different bodily situations; (ii) allowing, growth, operations and enlargement of operations and initiatives being per present expectations and mine plans, together with, with out limitation, receipt of export approvals; (iii) political developments in any jurisdiction wherein Newmont operates being per its present expectations; (iv) sure trade price assumptions being roughly per present ranges; (v) sure worth assumptions for gold, copper, silver, zinc, lead and oil; (vi) costs for key provides being roughly per present ranges; (vii) the accuracy of present mineral reserve and mineralized materials estimates; (viii) different planning assumptions; and (ix) the well timed satisfaction of closing situations and receipt of approvals in reference to pending divestitures.

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For a extra detailed dialogue of dangers and different components that may affect future trying statements, see Newmont’s Annual Report on Form 10-Ok for the yr ended December 31, 2020, Quarterly Report on Form 10-Q for the quarter ended September 30, 2021, in addition to Newmont’s registration assertion on Form S-3ASR (No. 333-258097) regarding the issuance of its debt securities, beneath the headings “Risk Factors”, that are filed with the U.S. Securities and Exchange Commission (the “SEC”) and accessible on the SEC web site or www.newmont.com , in addition to the Company’s different SEC filings. The Company doesn’t undertake any obligation to launch publicly revisions to any “forward-looking statement”, to mirror occasions or circumstances after the date of this information launch, or to mirror the prevalence of unanticipated occasions, besides as could also be required beneath relevant securities legal guidelines.

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Contacts

Newmont Media Contact
Courtney Boone
303.837.5159
[email protected]

Newmont Investor Contact
Daniel Horton
303.837.5468
[email protected]

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