Simpson Thacher represented the initial purchasers led by J.P. Morgan Securities LLC in connection with a 144A/Regulation S offering of $700 million aggregate principal amount of 7.000% Senior Notes due 2031 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 redeem its existing 8.125% Senior Notes due 2027 Notes.
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, Lidia Kurganova and Andrew Waldeck (Capital Markets); Michael Mann and Adam Hersch (Tax); Timothy Mulvihill and Noreen Lavan (Environmental); Corina Holland (Intellectual Property); Pasco Struhs (Executive Compensation & Employee Benefits); and Jennie Getsin (Blue Sky).