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Freeport-McMoRan Inc. -- Moody's assigns Ba1 rating to FCX's new notes

Moody's Investors Service ("Moody's") assigned a Ba1 rating to Freeport-McMoRan Inc's (FCX) new guaranteed senior unsecured notes due in 2027 and 2029. The notes will be issued under the company's well-known seasoned issuer shelf registration ("WKSI"), rated (P)Ba1 for senior unsecured debt securities. Proceeds will be used to redeem the 6.875% senior unsecured notes due 2023 and to tender for portions of the 4% senior unsecured notes due 2021, the 3.55% senior unsecured notes due 2022, and the 3.875% senior unsecured notes due 2023.