MinRes to price $850m note

26th September 2023 By: Esmarie Iannucci - Creamer Media Senior Deputy Editor: Australasia

PERTH (miningweekly.com) – ASX-listed Mineral Resources has announced a proposed $850-million senior unsecured note offering to fund general working capital.

The notes will be due in 2028 and will be guaranteed by certain wholly-owned subsidiaries of MinRes.

MinRes said on Tuesday that the notes will only be offered to qualified institutional buyers under the US Securities Act, and to certain persons outside of the US in offshore transactions.