Newmont Corp. Executes Sustainability-Linked Revolving Credit Facility

   By Stephen Nakrosis

Newmont Corp. on Tuesday said it executed a $3 billion sustainability-linked revolving credit facility which "includes a pricing feature based upon third-party sustainability performance measures and includes overall improved pricing from the previous facility."

The mining company said it will incur positive or negative pricing adjustments on drawn balances, "based on certain sustainability performance criteria," which will be measured through independent ratings published by MSCI and S&P Global.

Tom Palmer, the company's president and chief executive, said, "Our sustainability-linked credit facility further demonstrates Newmont's unwavering commitment to industry-leading environmental, social and governance practices." He added, "By aligning our financial performance and our ESG performance, we are holding ourselves accountable to delivering on our purpose to create value and improve lives through responsible and sustainable mining."

The new credit facility expires in March 2026, Newmont said.

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

March 30, 2021 18:54 ET (22:54 GMT)

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