Freeport-McMoRan Completes Sale of $3.0 Billion of Senior Notes
PHOENIX, AZ – Freeport-McMoRan Inc. (NYSE: FCX) announced today that it has completed the sale of $3.0 billion of senior notes. FCX intends to use the net proceeds from this offering to repay certain of its outstanding debt.
Following is a summary of the four new tranches of debt, which will have an aggregate weighted interest cost of approximately 4.1%:
| Description | Amount | Maturity |
| 2.30% Senior Notes (1) | $750 Million | Due November 14, 2017 |
| 4.00% Senior Notes (2) | $600 Million | Due November 14, 2021 |
| 4.55% Senior Notes (3) | $850 Million | Due November 14, 2024 |
| 5.40% Senior Notes (4) | $800 Million | Due November 14, 2034 |
(1) Priced at 99.934% to yield2.323%
(2) Priced at 99.619% to yield 4.()63%
(3) Priced at99.905% to yield4.562%
(4) Priced at 99.516% to yield5.440%
The joint book-running managers for the offering are Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Merrill Lynch, Pierce, Fenner & Smith Incorporated.
FCX is a premier U.S.-based natural resources company with an industry-leading global portfolio of mineral assets, significant oil and gas resources and a growing production profile. FCX is the world’s largest publicly traded copper producer.
Abogado por la UNMSM, con especialización en Derecho Mineroenergético. Maestrando en Gestión Pública por la Escuela de Posgrado de la Universidad Continental. Miembro del Grupo de Estudios de Derecho Mineroenergético – GEDEM. Asistente de la cátedra Derecho de Minería y Energía (2017 – 2018) en la Facultad de Derecho y Ciencia Política de la UNMSM. Editor de ProActivo.
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