Newcrest Commences Repurchase of Its Outstanding 2022 Bonds

Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) announced today that it has commenced the mandatory redemption of the outstanding US$380 million of its 4.200% Senior Guaranteed Notes maturing 1 October 2022 (the 2022 Notes).

The 2022 Notes were issued by Newcrest Finance Pty Limited (ISIN: US65120FAC86 (Rule 144A) / USQ66511AC26 (Reg S)) (CUSIP: 65120F AC8 / Q66511 AC2) under the Indenture dated 1 October 2012 among Newcrest Finance Pty Limited, the Newcrest guarantors named therein and The Bank of New York Mellon as trustee.

Newcrest has notified the trustee, The Bank of New York Mellon, that pursuant to Section 1102 of the Indenture, the 2022 Notes will be redeemed on 28 April 2021 (the Redemption Date) at the redemption price together with accrued but unpaid interest up to but excluding the Redemption Date. The 2022 Notes will be cancelled upon redemption.

Newcrest had US$1,744 million of cash on hand at 31 December 2020 and has access to a further US$2 billion dollars in undrawn committed bilateral bank debt facilities.