• Freeport-McMoRan entered a new $3 billion senior unsecured revolving credit facility on May 14, 2026, with JPMorgan Chase as administrative agent.
• The five-year facility matures on May 14, 2031, replacing the prior $3 billion revolver that was due to mature in October 2027.
• The new agreement keeps a $500 million borrowing limit for PT Freeport Indonesia, with a $1.5 billion sublimit for letters of credit.
• The prior revolver was terminated with no loans outstanding, with about $5 million in letters of credit rolled into the new facility.
• Pricing is tied to Term SOFR or an alternate base rate, with a ratings-based spread, with a total leverage ratio covenant capped at 3.75x.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Freeport-McMoRan Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000831259-26-000027), on May 20, 2026, and is solely responsible for the information contained therein.