The Firm recently represented the initial purchasers, led by BMO Global Markets, Goldman Sachs & Co. LLC, Morgan Stanley, Citigroup and J.P. Morgan, in connection with a private offering of $1.0 billion aggregate principal amount of 5.30% Notes due 2026 and $1.0 billion aggregate principal amount of 5.35% Notes due 2034 issued by Newmont Corporation (“Newmont”) and Newcrest Finance Pty Limited, a wholly-owned subsidiary of Newmont (“Newcrest Finance” and, together with Newmont, the “Issuers”). The Issuers intend to use a portion of the net proceeds from the offering to repay all outstanding borrowings under Newmont’s revolving credit facility, with the remaining proceeds for general corporate purposes. The offering closed on March 7, 2024.
Newmont is the world’s leading gold company and a producer of copper, zinc, lead, and silver. Newmont’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea.
The Simpson Thacher team for the transaction included Mark Brod, Anna Jarman and Kelly Johnson (Capital Markets); Jonathan Cantor and Preston Irace (Tax); Rachelle Broida (Intellectual Property); Pasco Struhs (Executive Compensation and Employee Benefits); Timothy Mulvihill and Noreen Lavan (Environmental); and Andrew Pagliughi (Blue Sky).