trending Market Intelligence /marketintelligence/en/news-insights/trending/ma4yTRl0_x-0FGnTBeK3hg2 content esgSubNav
In This List

Newmont launches exchange offer related to Goldcorp deal

Blog

Insight Weekly: Unease roils markets; US likely to slip into recession; firms' cash ratios fall

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


Newmont launches exchange offer related to Goldcorp deal

Newmont Mining Corp. launched March 15 an offer to exchange all outstanding notes issued by Goldcorp Inc. for up to US$2 billion of new notes and cash in connection with Newmont's proposed US$10 billion takeover of Goldcorp.

Newmont is offering to exchange up to about US$550 million of Goldcorp's outstanding 3.625% notes due 2021, US$1 billion of 3.700% notes due 2023 and US$450 million of 5.450% notes due 2044.

Holders who tender, and do not subsequently withdraw, their notes at or prior to March 28 will receive a total consideration of US$1,000 per US$970 principal amount of notes, including an early tender premium of US$30.

The exchange offers will expire April 12, unless extended.