MinRes completes US$1.25bn capital raise

17 May 2022 By Lauren Croft

Mining company MinRes has completed its Senior Unsecured Notes offering, in a deal worth US$1.25 billion.

Firm: Herbert Smith Freehills (Mineral Resources Limited)


Deal: Herbert Smith Freehills has advised Mineral Resources Limited (MinRes) on its US$1.25 billion Senior Unsecured Notes Offering, which consists of US$625 million 8 per cent Senior Unsecured Notes due 2027 and US$625 million 8.50 per cent Senior Unsecured Notes due 2030.

Value: US$1.25 billion

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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.”

MinRes completes US$1.25bn capital raise
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