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Herbert Smith Freehills advises Mineral Resources on US$1.25 billion Senior Unsecured Notes Offering

02 May 2022 | Australia, Asia Pacific

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Herbert Smith Freehills has advised Mineral Resources Limited (MinRes) as Australian counsel on its US$1.25 billion Senior Unsecured Notes Offering, which consists of US$625 million 8.000% Senior Unsecured Notes due 2027 and US$625 million 8.500% Senior Unsecured Notes due 2030.

MinRes intends to use the proceeds from the offering for general corporate purposes, including for capital expenditures.

MinRes, is a diversified mining company with a growing world-class portfolio of operations across multiple commodities, including iron ore and lithium. In addition to operating mine sites in the Pilbara and Goldfields regions, it also provides mining services to clients throughout Australia.

The Herbert Smith Freehills Finance team was led by partner Rowen Cross, with support from solicitor Adam Tucker.

Rowen Cross said, We are very pleased to have been able to assist Mineral Resources with another debt capital raising, and it’s great to see continued support from the US debt capital markets for strong credits like Mineral Resources.

This deal is another example of Herbert Smith Freehills’ market-leading work in the debt capital market sector. The firm previously advised MinRes on its US$700 million 8.125% Senior Unsecured Notes due 2027.

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