Mineral Resources Limited (ASX: MIN) has announced that it intends to offer, subject to market and other conditions, up to an aggregate principal amount of US$850 million of Senior Unsecured Notes due 2028.
The notes will only be offered 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 will be guaranteed by certain wholly-owned subsidiaries of MinRes.
