Simpson Thacher Represented Initial Purchasers in Sale of $300 Million Senior Notes by New Gold Inc.
04.06.12
This is only gets display when printing
Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC and Scotia Capital (USA) Inc., in the sale of an aggregate principal amount of $300 million 7.00% Senior Notes due 2020 of New Gold Inc., a British Columbia corporation (“New Gold”). The offering was conducted as a private offering in reliance upon Rule 144A and Regulation S. The notes are guaranteed by certain of New Gold’s direct and indirect subsidiaries. The transaction closed on April 5, 2012. New Gold intends to use the net proceeds from the offering to fund the redemption of its 10% Senior Secured Notes due 2017 and for general corporate purposes.
New Gold is a leading mid-sized gold producer with operating mines in the United States, Mexico, and Australia and development projects in Canada and Chile. New Gold is listed on the Toronto Stock Exchange and the NYSE Amex.
The Simpson Thacher team included John Lobrano, Xavier Kowalski, Justin Cooke, Edward Bontkowski and Taissa Licatti (Capital Markets); Jonathan Cantor and Danny Salinas (Tax); Mike Isby (Environmental); Jamin Koslowe and Douglas Tang (Executive Compensation & Employee Benefits); and Andrew Pagliughi (Blue Sky).