Simpson Thacher Represents Dealer Manager in Cash Tender Offers by Fortescue
Simpson Thacher represented the dealer manager in connection with cash tender offers by Fortescue Treasury Pty Ltd, an Australian corporation and a direct wholly owned subsidiary of Fortescue Ltd, an Australian corporation (“Fortescue”) to purchase its existing senior notes due 2030, 2031 and 2032 for an aggregate purchase price of up to $750 million in cash spent across such series of notes.
Fortescue is engaged in the production and export of iron ore in the Pilbara region of Western Australia. Fortescue is one of the world’s largest iron ore producers and exporters into the seaborne iron ore market. Fortescue is listed on the Australian Securities Exchange.
The Simpson Thacher team included David Azarkh, Brian Rosenzweig, Julie De Keukeleire and Danielle M. DiGrazia (Capital Markets); and Michael Mann (Tax).