ALLENS Arthur Robinson has acted for the joint lead managers – Macquarie Capital Advisers Limited and UBS AG, Australia Branch – of Mirabela Nickel Limited's recently announced US$165 million capital raising.
The deal was a global offer involving both conditional and unconditional tranches, and included an offer of shares listed on both the Australian Securities Exchange and the Toronto Stock Exchange.
The funds raised will be used to prepay Mirabela's senior debt facility and expand Mirabela's world class Santa Rita nickel sulphide mine in Brazil.
The Allens team advising the Joint Lead Managers was led by the firm's co-head of equity capital markets, Robert Pick, and included capital markets lawyer Xinmin Pang.
According to Pick: “Coordinating a global offering which involves multiple parties in Australia and North America can be very challenging. Macquarie and UBS worked seamlessly with Mirabela management to ensure that the capital raising was executed transparently and efficiently…
“With an increasing number of ASX-listed companies now having secondary listings in Toronto, Allens has worked on several deals involving these dual-listed companies,” he said.
Sidley Austin acted as US counsel to the joint lead managers, while CasselsBrock & Blackwell LLP acted as Canadian counsel to the Joint Lead Managers.
Hardy Bowen was the Australian counsel to Mirabela and Paul, Weiss, Rifkind,Wharton & Garrison LLP acted as US counsel. Lawson Lundell LLP was the Canadiancounsel to Mirabela.
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