| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers M > Headlines for Mineral Resources Ltd. > News item |
Mineral Resources sets talk on $1 billion offering of 5.5-year, eight-year senior notes
By Paul A. Harris
Portland, Ore., April 26 – Mineral Resources Ltd. plans to price $1 billion of senior notes (Ba3//BB) on Thursday, according to market sources.
The Rule 144A and Regulation S for life deal features a minimum of $400 million 5.5-year notes, non-callable for 2.5 years, with initial guidance of 8% to 8¼%.
The offering also features a minimum of $400 million eight-year notes, non-callable for three years, with initial guidance of 8½% to 8¾%.
JPMorgan will run the books.
The Perth, Australia-based producer of iron ore, lithium and manganese plans to use the proceeds to fund capital expenditures.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.