Newmont Corporation announced on January 27, 2025, the early redemption of $927,754,000 in principal amount of its 5.30% Notes due 2026. This action fully retires the outstanding notes, demonstrating a commitment to deleveraging and strengthening the company's balance sheet.
Including this early redemption, Newmont will have retired approximately $1.4 billion of its debt over the preceding 12 months. This proactive debt management strategy aims to improve the company's financial position and reduce future interest obligations.
The redemption is scheduled for February 7, 2025, at a price equal to the applicable make-whole amount plus accrued and unpaid interest. This move is expected to enhance Newmont's financial flexibility and overall credit profile.
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