Simpson Thacher represented the initial purchasers led by J.P. Morgan Securities LLC in connection with a 144A/Regulation S offering of $1.1 billion aggregate principal amount of 9.25% Senior Notes due 2028 by Mineral Resources Limited (“MRL”). The offering was upsized from $850 million. 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, Brian Rosenzweig, Margaret Selbe and Mary Richardson (Capital Markets); Michael Mann and Adam Hersch (Tax); Timothy Mulvihill and Noreen Lavan (Environmental); Abram Ellis and Christine Tillema (Regulatory); Melanie Jolson (Intellectual Property); Pasco Struhs (Executive Compensation & Employee Benefits); and Jennie Getsin (Blue Sky).