UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 25, 2019

FCXFORM8K02252019IMAGE1.JPG

FREEPORT-McMoRan INC.
(Exact name of registrant as specified in its charter)
Delaware
001-11307-01
74-2480931
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer Identification No.)

333 North Central Avenue
 
Phoenix, AZ
85004
(Address of principal executive offices)
(Zip Code)

Registrant's telephone number, including area code: (602) 366-8100

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR § 240.12b-2).

Emerging growth company [ ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]





Item 8.01. Other Events .

Freeport-McMoRan Inc. issued a press release dated February 25, 2019, announcing that notice has been issued to redeem on March 27, 2019, all of its outstanding $1 billion aggregate principal amount of 3.100% Senior Notes due 2020. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated in this Item 8.01 by reference.

Item 9.01. Financial Statements and Exhibits .

(d) Exhibits.
Exhibit
Number
 
Exhibit Title
 
 
 
 
 
 
Press release dated February 25, 2019, titled “Freeport-McMoRan Announces Redemption of 3.100% Senior Notes due 2020”







SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Freeport-McMoRan Inc.


By: /s/ Kathleen L. Quirk
----------------------------------------
Kathleen L. Quirk
Executive Vice President and Chief Financial Officer     
(authorized signatory and Principal Financial Officer)

Date: February 25, 2019













































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Freeport-McMoRan Announces
Redemption of 3.100% Senior Notes due 2020
 
 
 
PHOENIX, AZ, February 25, 2019 — Freeport-McMoRan Inc. (NYSE: FCX) announced today that notice has been issued to redeem on March 27, 2019, all of its outstanding $1 billion aggregate principal amount of 3.100% Senior Notes due 2020 (Notes), at a make-whole redemption price to be calculated in accordance with the terms of the indenture governing the Notes, plus accrued and unpaid interest on the Notes to be redeemed from the last interest payment date of March 15, 2019, to, but not including, the redemption date. On February 25, 2019, U.S. Bank National Association, as trustee for the Notes, distributed to the registered note holders written notice of the terms of this redemption.
FCX will use cash to fund the redemption. At December 31, 2018, FCX had $11.1 billion in total debt and consolidated cash of $4.2 billion. FCX expects to record a loss to net income of approximately $3.4 million in the first quarter of 2019 in connection with the redemption. Annual interest costs associated with the Notes approximate $31 million.
FCX is a leading international mining company with headquarters in Phoenix, Arizona. FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. FCX is the world’s largest publicly traded copper producer.
FCX’s portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits; significant mining operations in the Americas, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America. Additional information about FCX is available on FCX’s website at “fcx.com.”
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Freeport-McMoRan
 
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