Freeport-McMoRan buys back $33 million 9½% notes

By Angela McDaniels

Tacoma, Wash., Feb. 29 - Freeport-McMoRan Copper & Gold Inc. said it purchased $33 million of its 9½% senior notes in an open market transaction in February.

The notes were purchased for $46 million, which will result in a net charge of $6 million in the first quarter.

The Phoenix-based mining company disclosed the repurchase in its 10-K report for the year ended Dec. 31, which was filed with the Securities and Exchange Commission on Friday.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.