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Freeport-McMoRan to redeem 3.100% senior notes due 2020

Feb 26, 2019 - Global Banking News

Mining company Freeport-McMoRan Inc (NYSE: FCX) said on Monday that it plans to redeem all of its outstanding USD1bn aggregate principal amount of 3.100% Senior Notes due 2020.

On the redemption date of 27 March 2019, the company plans to redeem USD1bn aggregate principal amount of 3.100% senior notes due 2020 at a make-whole redemption price, plus its accrued and unpaid interest to be redeemed from the last interest payment date of 15 March 2019, to, but not including, 27 March 2019.

U.S. Bank National Association is the trustee of the notes. FCX will use cash to fund the redemptio...