Newcrest Mining issues US$1.15 billion of senior unsecured notes

On May 8, 2020, Newcrest Mining Limited ("Newcrest") announced that it priced a combined aggregate principal amount of US$1.15 billion of senior unsecured notes, consisting of US$650 million of 3.25% 10-year notes maturing on May 13, 2030 and US$500 million of 4.20% 30-year notes maturing on May 13, 2050.

The notes were offered in the United States pursuant to Rule 144A under the US Securities Act of 1933 and outside the United States in reliance on Regulation S of the Securities Act.

The transaction closed on May 13, 2020.

Proceeds from the issuance will be used to repurchase existing near-term corporate bond maturities, including (i) its outstanding 4.45% notes due 2021 (US$750 million outstanding) and (ii) its outstanding 4.20% notes due 2022 for up to US$400 million aggregate maximum repurchase amount (of a total of US$750 million outstanding). Cash tenders offers were commenced concurrent with the announcement of the private placement.

Further information can be found on Newcrest's website or at marketscreener.com.

Newcrest Mining is the largest gold producer listed on the Australian Securities Exchange and one of the world's largest gold mining companies.