By The Associated Press
Friday, September 18, 2009
Newmont Mining Corp., one of the world's biggest gold producers, said Friday it received nearly $1.97 billion in net proceeds from its recent public offering of senior notes.
The company plans to use proceeds for working capital and for other general corporate purposes. That could include the cost of developing the company's project pipeline and potential acquisitions that may become available.
The offering consisted of a 5.125 percent senior notes due 2019 in the principal amount of $900 million and 6.25 percent senior notes due 2039 in the principal amount of $1.1 billion. Newmont received net proceeds of about $1.97 billion after deducting estimated discounts and expenses.
Deutsche Bank Securities and UBS Investment Bank are the joint book-runners for the offering.
Shares of Newmont Mining fell 74 cents to $45.09 in afternoon trading.