Pricing Term Sheet dated January 28, 2009 | Filed pursuant to Rule 433 | |
Registration File No. 333-146720 | ||
Supplementing the Preliminary | ||
Prospectus Supplements dated | ||
January 27, 2009 and the | ||
Prospectus dated October 15, 2007 |
Issuer:
|
Newmont Mining Corporation, a Delaware corporation | |
Common stock symbol:
|
NEM |
Title of Securities:
|
Common Stock, par value $1.60 per share, of the Issuer. | |
Shares Issued:
|
30,000,000 (34,500,000 if the over-allotment option is exercised in full). | |
Outstanding Common Shares after Offering: |
473,062,428 (477,562,428 if the over-allotment option is exercised in full). | |
Net Proceeds to Issuer after
Underwriting Discount:
|
Approximately $1,075 million (approximately $1,236 million if the over-allotment option is exercised in full). | |
Last Sale Price of Issuers
Common Stock on the New York
Stock Exchange:
|
$38.61. |
Public Offering Price per Share:
|
$37.00. | |
Underwriting Discount per Share:
|
$1.17. | |
Aggregate Underwriting Discount:
|
$35.1 million. | |
Selling Concession per Share:
|
$0.70. | |
Pricing Date:
|
January 28, 2009. | |
Trade Date:
|
January 28, 2009. | |
Settlement Date:
|
February 3, 2009. | |
Joint Book-Running Managers:
|
Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. | |
Co-Managers:
|
BMO Capital Markets Corp. | |
Use of Proceeds:
|
The Issuer intends to use the net proceeds from this offering and the Convertible Notes Offering (including any proceeds resulting from any exercise by the underwriters of their over-allotment option for either offering) to fund the acquisition from AngloGold Ashanti Australia Limited of the 33.33% interest in the Boddington project in Western Australia that it does not already own, and the additional capital expenditures that will result from its increased ownership in the Boddington project, as well as for general corporate purposes. If the Acquisition is not completed, the issuer intends to use the net proceeds from this offering and the Convertible Notes Offering for general corporate purposes. |
Title of Securities:
|
3.00% Convertible Senior Notes due 2012 (the Notes). | |
Aggregate Principal Amount Offered:
|
$450,000,000. | |
Over-allotment Option:
|
$ 67,500,000. | |
Maturity Date:
|
February 15, 2012. | |
Interest:
|
3.00% per year, accruing from the Settlement Date. | |
Interest Payment Dates:
|
Each February 15 and August 15, beginning August 15, 2009. | |
Record Dates:
|
Each February 1 and August 1, beginning on August 1, 2009. | |
Price to Public:
|
100%. | |
Net Proceeds to Issuer
after Underwriting
Discount:
|
97.5%. |
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Conversion Premium:
|
25% of the Public Offering Price Per Share in the Common Stock Offering. | |
Conversion Price:
|
Approximately $46.25 per share of Issuers common stock, subject to adjustment. | |
Conversion Rate:
|
21.6216 shares of Issuers common stock per $1,000 principal amount of Notes, subject to adjustment. | |
CUSIP:
|
651639 AK2. | |
Pricing Date:
|
January 28, 2009. | |
Trade Date:
|
January 28, 2009. | |
Settlement Date:
|
February 3, 2009. | |
Joint Book-Running Managers:
|
Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. | |
Co-Managers:
|
BMO Capital Markets Corp. | |
Use of Proceeds:
|
The Issuer intends to use the net proceeds from this offering and the Common Stock Offering (including any proceeds resulting from any exercise by the underwriters of their over-allotment option for either offering) to fund the acquisition from AngloGold Ashanti Australia Limited of the 33.33% interest in the Boddington project in Western Australia that it does not already own, and the additional capital expenditures that will result from its increased ownership in the Boddington project, as well as for general corporate purposes. If the Acquisition is not completed, the issuer intends to use the net proceeds from this offering and the Common Stock Offering for general corporate purposes. | |
Adjustment to Conversion
Rate Upon Certain
Make-Whole Fundamental
Changes:
|
The number of additional shares to be added to the conversion rate with respect to conversions during the make-whole conversion period will be determined by reference to the table below and is based on the effective date of the relevant make-whole fundamental change and the applicable price in respect of such make-whole fundamental change. |
Stock Price | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Effective Date | $37.00 | $45.00 | $52.50 | $60.00 | $67.50 | $75.00 | $82.50 | $90.00 | $97.50 | $105.00 | $112.50 | $120.00 | $127.50 | $135.00 | |||||||||||||||||||||||||||||||||||||||||||
February 3, 2009 |
5.4054 | 4.1120 | 2.6430 | 1.7375 | 1.1604 | 0.7823 | 0.5289 | 0.3559 | 0.2360 | 0.1520 | 0.0928 | 0.0512 | 0.0228 | 0.0054 | |||||||||||||||||||||||||||||||||||||||||||
February 15, 2010 |
5.4054 | 3.6886 | 2.2006 | 1.3363 | 0.8219 | 0.5088 | 0.3143 | 0.1912 | 0.1119 | 0.0602 | 0.0267 | 0.0065 | 0.0000 | 0.0000 | |||||||||||||||||||||||||||||||||||||||||||
February 15, 2011 |
5.4054 | 2.9012 | 1.4270 | 0.6916 | 0.3318 | 0.1572 | 0.0717 | 0.0285 | 0.0060 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | |||||||||||||||||||||||||||||||||||||||||||
February 15, 2012 |
5.4054 | 0.6006 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| If the stock price is between two stock price amounts in the table or the effective date is between two effective dates in the table, the number of additional shares by which the conversion rate will be increased will be determined by a straight-line interpolation between the number of additional shares set forth for the higher and lower stock price amounts and the two dates, as applicable, based on a 365-day year. |
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| If the stock price is greater than $135.00 per share (subject to adjustment), no additional shares will be added to the conversion rate. | ||
| If the stock price is less than $37.00 per share (subject to adjustment), no additional shares will be added to the conversion rate. Notwithstanding the foregoing, in no event will the total number of shares of common stock issuable upon conversion of the notes exceed 27.0270 per $1,000 principal amount of notes, subject to adjustments in the same manner as the conversion rate as set forth above under Conversion rate adjustments. |
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