Simpson Thacher Represents Initial Purchasers in Debut High Yield Offering by Mineral Resources Limited
04.23.19
This is only gets display when printing
Simpson Thacher represented the initial purchasers led by J.P. Morgan Securities LLC in connection with a debut 144A/Regulation S offering of US$700 million aggregate principal amount of 8.125% Senior Notes due 2027 by Mineral Resources Limited (“MRL”). The notes are guaranteed by certain of MRL’s existing and future direct and indirect wholly-owned subsidiaries.
MRL intends to use the net proceeds from the offering to repay certain of its existing credit facilities and for other general corporate purposes.
MRL is a diversified mining services and mining company based in Australia. MRL is listed on the Australian Securities Exchange.
The Simpson Thacher team included David Azarkh, Matthew Levy, Clark Warthen, Seth Lowinger and Adam Kahan (Capital Markets); Brian Mendick and Sergio Torres (Tax); Timothy Mulvihill and Noreen Lavan (Environmental); Larry Moss and Joo Hyun Lee (Executive Compensation and Employee Benefits); Abram Ellis and Joseph Betteley (Regulatory); Melanie Jolson (Intellectual Property); and Jennie Getsin (Blue Sky).