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Simpson Thacher Represents the Initial Purchasers in $1.5 Billion Notes Offering by Inmet Mining Corporation

06.07.12

The Firm recently represented the initial purchasers, led by J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC as global coordinators and joint book-running managers, in a Rule 144A/Regulation S offering by Inmet Mining Corporation of $1.5 billion principal amount of 8.75% Notes due 2020. The offering closed on May 18, 2012.

Inmet Mining Corporation is Canadian-based global mining company that produces copper and zinc.  They have three wholly-owned mining operations: Çayeli (Turkey), Las Cruces (Spain) and Pyhäsalmi (Finland).  They also have an 80 percent interest in Cobre Panama, a development property in Panama.

The Simpson Thacher team included Ryan Bekkerus, Louie Pastor, Leah Shen and Allan Chorny (Capital Markets); Jonathan Cantor and Vanessa Cohen (Tax); Michael Isby (Environmental); Aimee Adler and Jeannine McSweeney (Executive Compensation and Employee Benefits); and Andrew Pagliughi (Blue Sky).