Newmont Realizes $1,966 Million on Completion of Senior Notes Offering
September 18 2009 - 12:42PM
PR Newswire (US)
DENVER, Sept. 18 /PRNewswire-FirstCall/ -- Newmont Mining
Corporation (NYSE:NEM) (the "Company") today announced that it has
realized aggregate net proceeds of approximately $1,966 million,
after deducting estimated discounts and expenses, on the closing of
its public offering of Senior Notes consisting of (i) 5.125% Senior
Notes due 2019 in the principal amount of $900 million, and (ii)
6.250% Senior Notes due 2039 in the principal amount of $1.1
billion. The offering was made pursuant to the Company's shelf
registration statement filed with the Securities and Exchange
Commission. The notes 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.
This guarantee will be the unsecured senior obligation of Newmont
USA Limited. The Company intends to use the net proceeds of this
offering for working capital and for general corporate purposes,
including costs of exploration, development of the Company's
project pipeline and acquisition initiatives that may become
available to the Company, although no specific acquisitions have
been identified as of the date of this news release. Pending those
uses, the Company intends to repay a portion of the Company's
senior revolving credit facility and place the remaining proceeds
in short-term liquid investments. Deutsche Bank Securities and UBS
Investment Bank are the joint book-runners for the offering. When
available, copies of the prospectus supplement and accompanying
prospectus for the offering may be obtained from: Deutsche Bank
Securities Inc., at 1-800-503-4611, or UBS Securities LLC, at
1-877-827-6444 ext 561-3884. 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. A
registration statement relating to the securities has been filed
with the Securities and Exchange Commission, which was effective
upon filing; a final prospectus supplement relating to the offering
has been filed with the Securities and Exchange Commission. Copies
of the prospectus meeting the requirements of Section 10 of the
Securities Act of 1933, as amended, may be obtained at
http://www.sec.gov/. Cautionary Statement This news release
contains "forward-looking statements," within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, that are
intended to be covered by the safe harbor created by such sections
and other applicable laws. Such forward-looking statements include,
without limitation, statements regarding future sales of securities
and use of proceeds of such sales. Where the Company expresses or
implies an expectation or belief as to future events or results,
such expectation or belief is expressed in good faith and believed
to have a reasonable basis. However, forward-looking statements are
subject to risks, uncertainties and other factors, which could
cause actual results to differ materially from future results
expressed, projected or implied by such forward-looking statements.
Such risks include, but are not limited to, commodity price
volatility, currency fluctuations, increased production costs and
variances in ore grade or recovery rates from those assumed in
mining plans, political and operational risks in the countries in
which we operate, investor demand and governmental regulation and
judicial outcomes. For a more detailed discussion of such risks and
other factors, see the Company's 2008 Annual Report on Form 10-K,
filed February 19, 2009, as amended by Annual Report on Form 10-K/A
filed June 8, 2009 and the Current Report on Form 8-K dated
September 14, 2009 and filed on September 15, 2009, on file with
the Securities and Exchange Commission, as well as the Company's
other SEC filings. The Company does not undertake any obligation to
release publicly revisions to any "forward-looking statement" to
reflect events or circumstances after the date of this news
release, or to reflect the occurrence of unanticipated events,
except as may be required under applicable securities laws.
DATASOURCE: Newmont Mining Corporation CONTACT: Investors, John
Seaberg, +1-303-837-5743, , or Media, Omar Jabara, +1-303-837-5114,
, both of Newmont Mining Corporation Web Site:
http://www.newmont.com/
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