Past year: ▲ 72%(41.70 – 75.74 USD)
Each one in plain English, with the numbers worked through for a shareholder.
14 Apr 2022capital raising announcement● NeutralMajor
On April 14, 2022, PT-FI completed the notes offering announced April 5: $3.0 billion in total, made up of $750 million of 4.763% notes due 2027, $1.5 billion of 5.315% notes due 2032 and $750 million of 6.200% notes due 2052. Proceeds are for smelter projects, refinancing and general purposes, and the debt counts in FCX's consolidated debt.
5 Apr 2022capital raising announcement● NeutralMajor
On April 5, 2022, PT Freeport Indonesia (PT-FI), which FCX describes as 48.76% owned, announced it intends to offer U.S. dollar senior notes, with proceeds meant for its smelter projects, refinancing and general purposes. The notes would be PT-FI's own unsecured debt but counted in FCX's consolidated debt; size and terms were not yet set.
24 June 2016capital raising announcement● NeutralMajor
FCX agreed, between June 16 and June 23, 2016, to swap $268.5 million of its senior notes for 19.9 million new common shares (about 1.59% of shares outstanding) plus about $3.1 million cash for accrued interest. This cuts debt at the cost of modest dilution to existing shareholders, and the company says it is evaluating further debt buybacks or debt-for-equity exchanges (no amounts or commitments given).
