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 8.000% Senior Notes due 2032 by PLS Group Limited (“PLS”). The notes are guaranteed by certain of PLS’s existing and future direct and indirect wholly-owned subsidiaries.
PLS intends to use the net proceeds from the offering for general corporate purposes.
PLS is a leading global producer of lithium materials, with a diversified portfolio of assets and strategic partnerships in the rapidly growing battery materials sector based in Australia. PLS is listed on the Australian Securities Exchange.
The Simpson Thacher team included David Azarkh, Brian Rosenzweig, Margaret Selbe, Lidia Donaldson and Ethan McGinty (Capital Markets); Michael Mann and Preston Irace (Tax); Chandler Gerard-Reimer, Tally Smitas and Jennifer Park (Intellectual Property); George Gerstein and Chris Torikoglu (Executive Compensation & Employee Benefits); and Jennie Getsin (Blue Sky).