Freeport-McMoRan’s $1.3 Billion Registered High‑Yield Senior Notes Offering

Cravath represented the underwriters, led by J.P. Morgan Securities, BofA Securities, BNP PARIBAS, Citigroup, HSBC, Mizuho Securities, SMBC Nikko, BMO Capital Markets, MUFG and Scotiabank, in connection with the $1.3 billion registered high‑yield senior notes offering of Freeport‑McMoRan Inc., a leading international mining company with an industry‑leading global portfolio of mineral assets, significant oil and gas resources and a growing production profile. The transaction closed on March 4, 2020.

The Cravath team included partner William V. Fogg, associates Melanie R. Cook, Leticia M. Quezada and Zoe E. Egelman on securities matters, and associate Leon B. Dalezman and foreign associate attorney Ocka A. Stumm on tax matters.