Newmont Mining (NEM) has released an update.
Newmont Corporation recently overhauled its existing credit agreement, boosting its available credit from $3 billion to $4 billion, and extending the maturity date by nearly three years to February 2029. The updated agreement also introduces the potential for interest rate adjustments linked to the company’s environmental, social, and governance performance. Additionally, on February 20, 2024, Newmont borrowed $1.5 billion under this new agreement to pay off its outstanding bilateral bank debt, subsequently closing those facilities.
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