10
Oct
05:06
MinRes completes $1.1 billion senior unsecured notes offering
Australian miner Mineral Resources (MinRes) has completed an offering of $1.1 billion in senior unsecured notes due in 2028, Kallanish notes.
The miner says in a statement that it intends to use the cash proceeds from the offering for general corporate purposes, including for capital expenditure.
The notes will pay interest on 1 April and 1 October each year, commencing on 1 April 2024, at a rate of 9.25% per annum.
The notes are guaranteed by certain wholly-own…
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