Simpson Thacher Represented Initial Purchasers in Sale of $1.0 Billion Senior Notes due 2017 and $1.0 Billion Senior Notes due 2022 by FMG Resources (August 2006) Pty Ltd
03.23.12
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Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., RBS Securities Inc. and UBS Securities LLC, in the sale of an aggregate principal amount of $1.0 billion 6.000% Senior Notes due 2017 and $1.0 billion 6.875% Senior Notes due 2022 of FMG Resources (August 2006) Pty Ltd, an Australian corporation (“FMG”), and a direct wholly-owned subsidiary of Fortescue Metals Group Ltd (“Fortescue”), pursuant to Rule 144A and Regulation S. The notes are guaranteed by certain of Fortescue’s direct and indirect subsidiaries. The deal closed on March 19, 2012. FMG intends to use the net proceeds from the offering to expand its existing operations and for general corporate purposes.
Fortescue is engaged in the exploration, development, production and export of iron ore in the Pilbara region of Western Australia. Fortescue is listed on the Australian Securities Exchange.
The Simpson Thacher team included Gary Sellers, David Azarkh and Townshine Wu (Capital Markets); Adam Wells (Tax); Timothy Mulvihill and Noreen Lavan (Environmental) and Jennie Getsin (Blue Sky).