Mineral Resources Limited (ASX: MIN) has completed its previously announced offering of its
- US$625 million 8.000% Senior Unsecured Notes due 2027; and
- US$625 million 8.500% Senior Unsecured Notes due 2030
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.