Freeport-McMoRan calls $400 million of 8.625% notes due 2019

By Tali Rackner

Norfolk, Va., Sept. 15 – Freeport-McMoRan Inc. announced that it plans to redeem $400 million of 8.625% senior notes due 2019 co-issued by Freeport-McMoRan Oil & Gas LLC and FCX Oil & Gas Inc., according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed at 104.313 plus accrued interest on Oct. 15.

Wells Fargo Bank, NA is the trustee for the notes, which were originally issued on March 13, 2007 by Plains Exploration & Production Co.

Phoenix-based Freeport-McMoRan is a producer of gold, copper and molybdenum as well as a manufacturer of copper wire and bars, copper strip and cadmium copper.

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