Mineral Resources (ASX:MIN) has completed its previously announced offering of its US$1.1 billion 9.25% senior unsecured notes due in 2028.
MinRes intends to use the cash proceeds for general corporate purposes, including for capital expenditures.
The notes are guaranteed by certain wholly owned subsidiaries of the $13 billion market capitalisation company.
MinRes says this does not constitute an offer to sell, or the solicitation of any offer to buy, the notes or any other securities. Any offer of the notes will be made only by means of a private offering memorandum.
The notes are not being registered under the Securities Act nor the securities laws of Australia nor any other jurisdiction and will not be offered nor sold in the US without registration under the Securities Act or an applicable exemption from such registration requirements.
MinRes is a diversified resources company with operations in lithium, iron ore, energy, and mining services across Western Australia.
Write to Adam Orlando at Mining.com.au
Images: Mineral Resources
