Simpson Thacher Represents Initial Purchasers in High Yield Offering by Mineral Resources
05.03.22
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Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, in connection with a 144A/Regulation S offering of US$625 million aggregate principal amount of 8% Senior Notes due 2027 and US$625 million aggregate principal amount of 8.5% Senior Notes due 2030 by Mineral Resources Limited (“MRL”). The aggregate principal amount of $1.25 billion was upsized from an aggregate principal amount of $1 billion. 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 for general corporate purposes, including for capital expenditures.
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, Catherine Ciriello and Ryan Poché (Capital Markets); Michael Mann and Adam Hersch (Tax); Timothy Mulvihill and Noreen Lavan (Environmental); Abram Ellis and Christine Tillema (Regulatory); Melanie Jolson (Intellectual Property); and Jennie Getsin (Blue Sky).