trending Market Intelligence /marketintelligence/en/news-insights/trending/YzzHqFUGv4vGdoYI4DojIQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Freeport-McMoRan prices US$1.2B of senior notes

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019

Freeport-McMoRan prices US$1.2B of senior notes

Copper miner Freeport-McMoRan Inc. priced US$1.20 billion of senior notes, including US$600 million of 5.0% notes due Sept. 1, 2027, and US$600 million of 5.250% notes due Sept. 1, 2029.

The sale of the notes is expected to settle Aug. 15, the company said Aug. 1.

The Arizona-based company recently said it will use the net proceeds to redeem all of its outstanding 6.875% senior notes due in 2023 worth US$728.0 million.

Freeport also kicked off cash tender offers to purchase a portion of its 4.00% senior notes due in 2021, 3.55% senior notes due in 2022 and 3.875% senior notes due in 2023, with an aggregate purchase price of up to US$430.0 million.

The company recently reported a second-quarter net loss of US$72 million, or 5 US cents per share, swinging year over year from a net profit of US$869 million, or 59 cents per share.