Newmont Announces Proposed Offering of Sustainability-Linked Senior Notes

press release

December 7, 2021

Newmont Corp. has announced its intention to offer, subject to market and other conditions, sustainability-linked senior unsecured notes pursuant to the company’s shelf registration statement filed with the Securities and Exchange Commission. The notes will be guaranteed on a senior unsecured basis by the company’s subsidiary Newmont USA Limited.

Newmont will be the first in the mining industry to issue a sustainability-linked bond, representing a further step in aligning its financing strategy with environmental, social and governance commitments. The coupon of the notes will be linked to Newmont’s performance against the 2030 emissions reduction targets and the representation of women in senior leadership roles. Earlier this year, Newmont entered into a $3 billion sustainability-linked revolving credit facility, one of the first in the industry.

The interest rate payable on the notes will be increased if the company fails to reach the stated targets by 2030. Newmont published a sustainability-linked bond framework and obtained a second party opinion on the framework from Institutional Shareholder Services.

BMO Capital Markets Corp., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC will act as joint book-running managers for the offering and Credit Suisse will also act as sustainability-linked bond structuring advisor.

Newmont is the world’s leading gold company and a producer of copper, silver, zinc and lead. The Company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa.

Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices.

Newmont was founded in 1921 and has been publicly traded since 1925.



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