Freeport-McMoRan Inc.: Covenant Quality Post-Sale Snapshot: $1.5bn: $650m 4.375% Senior Notes due 2028/ $850m 4.625% Senior Notes due 2030
CORPORATES ISSUER IN-DEPTH 25 August 2020 Source Documents: Prospectus Supplement: 13 July 2020; Prospectus: 1 August 2019 Peer Group: » Metals & Mining (All figures in $ millions unless otherwise noted) (Ratios may vary from Moody’s adjusted ratios) This report contains Moody’s analysis of the principal protections and weaknesses of the covenant package of the Notes based on information contaFreeport-McMoRan is a holding company. Through its subsidiaries, the company is a mining company. The company operates assets with proven and probable reserves of copper, gold and molybdenum, and the company is a publicly traded copper producer. The company's portfolio of assets includes the Grasberg minerals district in Indonesia, copper and gold deposits; and mining operations in North America and South America, including the Morenci minerals district in Arizona and the Cerro Verde operation in Peru. The company has organized its mining operations into four primary divisions: North America copper mines, South America mining, Indonesia mining and Molybdenum mines.
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