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In This List

Newmont completes US$500M debt buyback

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Newmont completes US$500M debt buyback

Newmont MiningCorp. has agreed to repurchase US$273.6 million worth of its 5.125%senior notes due 2019 and US$226.4 million worth of its 6.25% senior notes due 2039under its recently announced debttender offer, according to a March 29 news release.

The Denver-based gold miner launched the debt buyback at theend of February for up to US$500 million worth of its notes.

Noteholders tendered US$273.6 million against its 5.125% notesand US$258.9 million against its 6.25% notes.

A further US$264.7 million was tendered against Newmont's 3.5%senior notes due 2022 and US$85.5 million worth of the company's 5.875% notes due2035 was also offered up for repurchase.

However, Newmont gave priority to the 5.125% and 6.25% notesand did not buy back any of the 3.5% or 5.875% notes.

The debt buyback was priced at US$1,035.68 per 5.125% note andUS$881.87 per 6.25% note.

Newmont received US$894.9 million worth of by the March 11 cutoff.