Freeport-McMoRan Files Prospectus Supplement for At-the-Market Offering of Common Stock
August 10 2015 - 6:28AM
Business Wire
Freeport-McMoRan Inc. (NYSE: FCX) announced today that it has
filed with the Securities and Exchange Commission a prospectus
supplement under which it may offer and sell shares of common stock
having aggregate gross proceeds of up to $1 billion from time to
time through J.P. Morgan Securities LLC, as its sales agent. Sales
of the common stock, if any, would be made by means of ordinary
brokers’ transactions or block trades on the New York Stock
Exchange at market prices or as otherwise agreed with its
agent.
FCX intends to use the net proceeds from this offering for
general corporate purposes, which may include, among other things,
the repayment of amounts outstanding under its revolving credit
facility and other bank borrowings and the financing of working
capital and capital expenditures.
A copy of the prospectus supplement and prospectus relating to
this offering may be obtained by contacting J.P. Morgan Securities
LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717 or by calling 1-866-803-9204. An electronic copy
of the prospectus supplement will be available on the website of
the Securities and Exchange Commission at www.sec.gov.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state or country in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any state or
country.
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.
FCX's portfolio of assets includes the Grasberg minerals
district in Indonesia, one of the world's largest copper and gold
deposits; significant mining operations in the Americas, including
the large-scale Morenci minerals district in North America and the
Cerro Verde operation in South America; the Tenke Fungurume
minerals district in the DRC; and significant U.S. oil and natural
gas assets in the Deepwater GOM, onshore and offshore California
and in the Haynesville natural gas shale, and a position in the
Inboard Lower Tertiary/Cretaceous natural gas trend onshore in
South Louisiana.
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version on businesswire.com: http://www.businesswire.com/news/home/20150810005509/en/
Freeport-McMoRan Inc.Financial
Contacts:Kathleen L. Quirk,
602-366-8016orDavid P. Joint,
504-582-4203orMedia Contact:Eric E. Kinneberg,
602-366-7994
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