News & Events

Simpson Thacher recently represented J.P. Morgan Securities LLC, as the solicitation agent, in connection with the successful solicitation of consents from the holders of certain series of notes issued by FMG Resources (August 2006) Pty Ltd, an Australian corporation (“FMG”) and a direct wholly owned subsidiary of Fortescue Metals Group Ltd., an Australian corporation (“Fortescue”), in order to allow Fortescue to finance certain projects with limited recourse project finance debt, consistent with Fortescue’s other debt instruments.

Fortescue is engaged in the production and export of iron ore in the Pilbara region of Western Australia. Fortescue is the third largest iron ore producer in Australia and the world’s fourth largest exporter into the seaborne iron ore market. Fortescue is listed on the Australian Securities Exchange.

The Simpson Thacher team included Dave Azarkh and Clark Warthen (Capital Markets); and Gal Shemer (Tax).