FREEPORT-MCMORAN INC - 8-K Filing
Freeport-McMoRan Inc. replaced its $3 billion senior unsecured revolving credit facility with a new five-year agreement maturing on May 14, 2031. The prior facility was set to mature in October 2027 and had no outstanding borrowings at termination but held approximately $5 million in letters of credit. The new facility includes the same borrowing limits for PT Freeport Indonesia ($500 million) and a $1.5 billion sublimit on letter of credit issuance, with interest based on SOFR or an alternate base rate plus spreads tied to FCX’s credit ratings. (Items: 1.01 Entry into a Material Definitive Agreement, 1.02 Termination of a Material Definitive Agreement, 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, 9.01 Financial Statements and Exhibits)
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