Simpson Thacher represented the initial purchasers led by J.P. Morgan Securities LLC in connection with a 144A/Regulation S offering of $650 million aggregate principal amount of 6.000% Senior Notes due 2032 and $650 million aggregate principal amount of 6.250% Senior Notes due 2034 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 a portion of the net proceeds from the offering to redeem in full its existing 8.000% Senior Notes due 2027 Notes and to redeem in part its existing 9.250% Senior Notes due 2028.
MRL is a leading diversified resources company, with extensive operations in lithium, iron ore, energy and mining services across Western Australia. MRL is listed on the Australian Securities Exchange.
The Simpson Thacher team included David Azarkh, Brian Rosenzweig, Margaret Selbe, Lidia Donaldson and Kaylee Ham (Capital Markets); Michael Mann and Adam Hersch (Tax); Caroline Geiger and Chandler Gerard-Reimer (Intellectual Property); George Gerstein (Executive Compensation & Employee Benefits); and Jennie Getsin (Blue Sky).