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MinRes completes US$1.25bn capital raise
Mining company MinRes has completed its Senior Unsecured Notes offering, in a deal worth US$1.25 billion.
Lauren Croft
Firm: Herbert Smith Freehills (Mineral Resources Limited)
Value: US$1.25 billion
Area: Finance
Key players: The HSF finance team was led by partner Rowen Cross, with support from solicitor Adam Tucker.
Deal significance: 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 company intends to use the proceeds from the offering for general corporate purposes, including for capital expenditures.
Commenting on the deal, Mr 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.”
Lauren Croft
Lauren is a journalist at Lawyers Weekly and graduated with a Bachelor of Journalism from Macleay College. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications and Travel Weekly. Originally born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling. She is also a keen snowboarder and pre-pandemic, spent a season living in a French ski resort.
