subscribe to our newsletter sign up
Four firms advise on billion-dollar bond offer
Exclusive
Where do our A-Gs stand on policing sexual harassment in law?:

Four firms advise on billion-dollar bond offer

Sullivan & Cromwell, Allen & Overy, Corrs Chambers Westgarth and Simpson Thacher & Bartlett LLP have advise on billion-dollar bond offer.

Firms: Sullivan & Cromwell and Allen & Overy (Fortescue Metals Group), Corrs Chambers Westgarth and Simpson Thacher & Bartlett LLP (joint book-running managers J.P. Morgan Securities, Merrill Lynch, Pierce, Fenner & Smith, Citigroup Global Markets, Credit Suisse Securities, Deutsche Bank Securities, RBS Securities and UBS Securities).

Deal: High-yield bond offering by Fortescue Metals Group (FMG).

Area: Corporate finance.

Value: $1.92 billion.

Key players: The Corrs team was led by partners Brad Robinson and Peter Jarosek, together with partner Craig Milner, senior associates James McQueen and Simon Mifsud and lawyers Karen Tseu and Tina Latif. The Corrs team worked closely with Simpson Thacher & Bartlett, as New-York counsel to the joint book-running managers, to successfully complete the transaction.

Deal significance: The net proceeds of the offering will be used by FMG in connection with the expansion of its production capacity to 155Mtpa and the acquisition of related mobile mining equipment.

Promoted content
Recommended by Spike Native Network