Mineral Resources Limited (ASX: MIN) has completed the previously announced offering of its US$1.1 billion 9.250% Senior Unsecured Notes due 2028 in an offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the United States Securities Act of 1933, as amended, and to certain persons outside the United States in offshore transactions in reliance on Regulation S under the Securities Act.
MinRes intends to use the cash proceeds from the offering for general corporate purposes, including for capital expenditures.
The notes are guaranteed by certain wholly-owned subsidiaries of MinRes.
Completion of the notes offering comes as MinRes’ leadership team hosts investors and analysts on a three-day tour of its WA mining operations.
The tour will include a corporate presentation, a live demonstration of the company’s autonomous road trains and site visits to the Onslow Iron development project and Mt Marion and Wodgina lithium mines.
Topics to be covered include MinRes’ Mining Services innovations (including NextGen crushers, autonomous road trains and transhipping); an Onslow Iron project update; the Lithium growth potential; and an Energy business update.
