DENVER, Nov. 28, 2016 /PRNewswire/ -- Newmont Mining
Corporation (NYSE: NEM) (Newmont or the Company) announced today
the final results and settlement of its offer (the "Tender Offer")
to purchase for cash its 3.500% Senior Notes due 2022 (the "2022
Notes") and 5.125% Senior Notes due 2019 (the "2019 Notes" and,
together with the 2022 Notes, the "Notes") and increased the
previously announced maximum tender amount of the Tender Offer from
an aggregate combined principal amount of up to $500,000,000 to an aggregate combined principal
amount of up to $507,895,000 (as
amended, the "Maximum Tender Amount").
The terms and conditions of the Tender Offer were described in
an offer to purchase (the "Offer to Purchase"), dated October 27, 2016. Except for such increase in the
Maximum Tender Amount, all other terms and conditions of the Tender
Offer remain unchanged.
The amount of each series of Notes that was accepted for
purchase in the Tender Offer was based on the order of priority
(the "Acceptance Priority Level") for such series of Notes as set
forth in the table below. As a result of the increase in the
Maximum Tender Amount, all 2022 Notes validly tendered and not
validly withdrawn prior to 11:59
p.m., New York City time,
on November 25, 2016 (the "Expiration
Date") were accepted for purchase by the Company, without
proration. In addition, the Company has not accepted for purchase
any of the Notes of Acceptance Priority Level 2.
The following table presents (i) the aggregate principal amount
of Notes of each series validly tendered and not validly withdrawn
at or prior to the Expiration Date, as reported by D.F. King & Co., Inc., the Tender Agent for
the Tender Offer, and (ii) the aggregate principal amount of Notes
of each series validly tendered and not validly withdrawn at or
prior to the Expiration Date that the Company has accepted for
purchase.
Title of
Security
|
CUSIP
Number
|
Aggregate
Principal Amount Outstanding
|
Aggregate
Principal Amount Tendered as of the Expiration Date
|
Principal Amount
Accepted for Purchase
|
Acceptance
Priority Level
|
3.500% Senior Notes
due 2022
|
651639 AN6
|
$1,500,000,000
|
$507,895,000
|
$507,895,000
|
1
|
5.125% Senior
Notes
due 2019
|
651639 AL0
|
$626,405,000
|
$200,053,000
|
$0
|
2
|
The consideration for the 2022 Notes accepted for purchase will
be paid today, November 28, 2016 (the
"Settlement Date"). Holders of 2022 Notes that were validly
tendered and not validly withdrawn at or prior to 5:00 p.m., New York
City time, on November 9, 2016
(the "Early Tender Date") and accepted for purchase will receive
the applicable "Total Consideration," which includes an early
tender premium of $30.00 per
$1,000 of principal amount of Notes
tendered and accepted for purchase (the "Early Tender Premium").
Holders of 2022 Notes who tendered their Notes after the Early
Tender Date, but at or prior to the Expiration Date, will receive
only an amount equal to the applicable Total Consideration minus
the Early Tender Premium (such amount, the applicable "Tender Offer
Consideration"). In addition to the Total Consideration or Tender
Offer Consideration, as applicable, accrued and unpaid interest on
the 2022 Notes accepted for purchase will be paid from the last
applicable interest payment date up to, but not including, the
Settlement Date.
The lead dealer managers for the Tender Offer were Merrill
Lynch, Pierce, Fenner & Smith Incorporated ("BofA Merrill
Lynch") and BNP Paribas Securities Corp. ("BNP Paribas"), and BMO
Capital Markets Corp. and MUFG Securities Americas Inc. were
co-dealer managers.
This press release is neither an offer to purchase, nor a
solicitation of an offer to sell the Notes or any other securities.
The Company made the Tender Offer only by, and pursuant to, the
terms of the Offer to Purchase. The Tender Offer was not made in
any jurisdiction in which the making of or acceptance thereof would
not be in compliance with the securities laws, blue sky laws or
other laws of such jurisdiction.
About Newmont
Newmont is a leading gold and copper producer. The Company's
operations are primarily in the United
States, Australia,
Ghana, Peru, and Suriname. Newmont is the only gold
producer listed in the S&P 500 Index and was named the mining
industry leader by the Dow Jones Sustainability World Index in 2015
and 2016. The Company is an industry leader in value creation,
supported by its leading technical, environmental, social and
safety performance. Newmont was founded in 1921 and has been
publicly traded since 1925.
Investor
Contact
|
Meredith
Bandy
|
303-837-5143
|
meredith.bandy@newmont.com
|
Media
Contact
|
Omar
Jabara
|
303-837-5114
|
omar.jabara@newmont.com
|
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SOURCE Newmont Mining Corporation