8-K

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): August 18, 2017

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 August 18, 2017, announcing redemption of five series of senior notes. 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.

The Exhibit included as part of this Current Report is listed in the attached Exhibit Index.

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, Chief Financial Officer
	& Treasurer (authorized signatory and
	Principal Financial Officer)

Date: August 18, 2017

Freeport-McMoRan Inc.

Exhibit Index

Exhibit Number
99.1	Press release dated August 18, 2017, titled “Freeport-McMoRan Announces Redemption of Five Series of Senior Notes.”

EX-99.1

Exhibit 99.1

Freeport-McMoRan Announces

Redemption of Five Series of Senior Notes

PHOENIX, AZ, August 18, 2017 — Freeport-McMoRan Inc. (NYSE: FCX) announced today that notices have been issued to redeem on September 18, 2017, $543 million aggregate principal amount of two series of Freeport-McMoRan Inc. (FCX) senior notes and three series of Freeport-McMoRan Oil & Gas LLC (FMOG) senior notes currently outstanding. In accordance with the terms of respective indentures governing the notes, the notes will be redeemed at the redemption prices set forth in the table below, together with accrued and unpaid interest on the notes redeemed to, but not including, the redemption date.

Senior Notes	Principal Amount Outstanding (in millions)		Redemption Price*		Redemption Cost* (in millions)
FCX 6.125% due 2019		$179		$101.531		$182
FMOG 6.125% due 2019		$58		$101.531		$59
FCX 6.625% due 2021		$228		$102.458		$234
FMOG 6.625% due 2021		$33		$102.208		$34
FMOG 6.75% due 2022		$45		$103.375		$46
Total		$543				$555

          * Excludes accrued and unpaid interest

The aggregate cash interest cost savings would approximate $35 million per annum. FCX expects to record a gain to net income of approximately $11 million in the third quarter of 2017 in connection with the redemptions. On August 18, 2017, U.S. Bank National Association, as trustee for the FCX senior notes, and Wells Fargo Bank, N.A., as trustee for the FMOG senior notes, distributed to the registered note holders written notice of the terms of these redemptions.

At June 30, 2017, FCX had $15.4 billion in total debt and consolidated cash of $4.7 billion. Following these note redemptions, FCX’s total debt would approximate $14.8 billion.

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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