Newmont Announces Final Results and Settlement of Debt Tender Offer

DENVER, Nov. 28, 2016 /PRNewswire/ -- Newmont Mining Corp. (NYSE: NEM) (Newmont or the Company) announced today the final results and settlement of its offer (the "Tender Offer") to purchase for cash its 3.500% Senior Notes due 2022 (the "2022 Notes") and 5.125% Senior Notes due 2019 (the "2019 Notes" and, together with the 2022 Notes, the "Notes") and increased the previously announced maximum tender amount of the Tender Offer from an aggregate combined principal amount of up to $500,000,000 to an aggregate combined principal amount of up to $507,895,000 (as amended, the "Maximum Tender Amount").

The terms and conditions of the Tender Offer were described in an offer to purchase (the "Offer to Purchase"), dated October 27, 2016. Except for such increase in the Maximum Tender Amount, all other terms and conditions of the Tender Offer remain unchanged.

The amount of each series of Notes that was accepted for purchase in the Tender Offer was based on the order of priority (the "Acceptance Priority Level") for such series of Notes as set forth in the table below. As a result of the increase in the Maximum Tender Amount, all 2022 Notes validly tendered and not validly withdrawn prior to 11:59 p.m., New York City time, on November 25, 2016 (the "Expiration Date") were accepted for purchase by the Company, without proration. In addition, the Company has not accepted for purchase any of the Notes of Acceptance Priority Level 2.

The following table presents (i) the aggregate principal amount of Notes of each series validly tendered and not validly withdrawn at or prior to the Expiration Date, as reported by D.F. King & Co., Inc., the Tender Agent for the Tender Offer, and (ii) the aggregate principal amount of Notes of each series validly tendered and not validly withdrawn at or prior to the Expiration Date that the Company has accepted for purchase.

The consideration for the 2022 Notes accepted for purchase will be paid today, November 28, 2016 (the "Settlement Date"). Holders of 2022 Notes that were validly tendered and not validly withdrawn at or prior to 5:00 p.m., New York City time, on November 9, 2016 (the "Early Tender Date") and accepted for purchase will receive the applicable "Total Consideration," which includes an early tender premium of $30.00 per $1,000 of principal amount of Notes tendered and accepted for purchase (the "Early Tender Premium"). Holders of 2022 Notes who tendered their Notes after the Early Tender Date, but at or prior to the Expiration Date, will receive only an amount equal to the applicable Total Consideration minus the Early Tender Premium (such amount, the applicable "Tender Offer Consideration"). In addition to the Total Consideration or Tender Offer Consideration, as applicable, accrued and unpaid interest on the 2022 Notes accepted for purchase will be paid from the last applicable interest payment date up to, but not including, the Settlement Date.

The lead dealer managers for the Tender Offer were Merrill Lynch, Pierce, Fenner & Smith Incorporated ("BofA Merrill Lynch") and BNP Paribas Securities Corp. ("BNP Paribas"), and BMO Capital Markets Corp. and MUFG Securities Americas Inc. were co-dealer managers.

This press release is neither an offer to purchase, nor a solicitation of an offer to sell the Notes or any other securities. The Company made the Tender Offer only by, and pursuant to, the terms of the Offer to Purchase. The Tender Offer was not made in any jurisdiction in which the making of or acceptance thereof would not be in compliance with the securities laws, blue sky laws or other laws of such jurisdiction.

About Newmont

Newmont is a leading gold and copper producer. The Company's operations are primarily in the United States, Australia, Ghana, Peru, and Suriname. Newmont is the only gold producer listed in the S&P 500 Index and was named the mining industry leader by the Dow Jones Sustainability World Index in 2015 and 2016. The Company is an industry leader in value creation, supported by its leading technical, environmental, social and safety performance. Newmont was founded in 1921 and has been publicly traded since 1925.

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SOURCE Newmont Mining Corp.