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Mineral Resources Limited Prices US$1.1 billion Senior Unsecured Notes Offering

Mineral Resources Limited (ASX: MIN) (MinRes or Company) announced the pricing on 28 September 2023 of its US$1.1 billion 9.250% Senior Unsecured Notes due 2028 (the Notes) in an offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the United States Securities Act of 1933, as amended (the Securities Act), and to certain persons outside the United States in offshore transactions in reliance on Regulation S under the Securities Act.

The aggregate principal amount of the offering has been increased from the initially announced US$850 million. The settlement of the offering of the Notes is expected to occur in New York on 3 October 2023, subject to customary closing conditions. MinRes intends to use the cash proceeds from the offering for general corporate purposes, including for capital expenditures.

The Notes will pay interest on 1 April and 1 October each year, commencing on 1 April 2024, at a rate of 9.250% per annum.

The Notes will be guaranteed by certain wholly-owned subsidiaries of MinRes.

This announcement 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.

The Notes may not be offered nor sold in the United States without registration under the Securities Act or an applicable exemption from such registration requirements.
ENDS

This announcement dated 29 September 2023 has been authorised for release to the ASX by Mark Wilson, Chief Financial Officer and Company Secretary. For further information, please contact:

i hold MIN ( 'free-carried' )

i MIGHT have taken a bite here if denominated in Australian Dollars and offered through Australian markets

9.25% is a little low for me but it is senior debt

will be less likely to add more in the mid-term with this potential time-bomb in their treasure chest

<blockquote data-quote="divs4ever" data-source="post: 1245438" data-attributes="member: 86149">Mineral Resources Limited Prices US$1.1 billion Senior Unsecured Notes OfferingMineral Resources Limited (ASX: MIN) (MinRes or Company) announced the pricing on 28 September 2023 of its US$1.1 billion 9.250% Senior Unsecured Notes due 2028 (the Notes) in an offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the United States Securities Act of 1933, as amended (the Securities Act), and to certain persons outside the United States in offshore transactions in reliance on Regulation S under the Securities Act.&nbsp;The aggregate principal amount of the offering has been increased from the initially announced US$850 million. The settlement of the offering of the Notes is expected to occur in New York on 3 October 2023, subject to customary closing conditions. MinRes intends to use the cash proceeds from the offering for general corporate purposes, including for capital expenditures.The Notes will pay interest on 1 April and 1 October each year, commencing on 1 April 2024, at a rate of 9.250% per annum.&nbsp;The Notes will be guaranteed by certain wholly-owned subsidiaries of MinRes.This announcement 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.&nbsp;The Notes may not be offered nor sold in the United States without registration under the Securities Act or an applicable exemption from such registration requirements.ENDSThis announcement dated 29 September 2023 has been authorised for release to the ASX by Mark Wilson, Chief Financial Officer and Company Secretary. For further information, please contact:&nbsp;i hold MIN ( &#039;free-carried&#039; )&nbsp;i MIGHT have taken a bite here if denominated in Australian Dollars&nbsp; and offered through Australian markets &nbsp;9.25% is a little low for me but it is senior debt &nbsp;will be less likely to add more in the&nbsp; mid-term&nbsp; with this potential time-bomb in their treasure chest</blockquote>

[QUOTE="divs4ever, post: 1245438, member: 86149"] Mineral Resources Limited Prices US$1.1 billion Senior Unsecured Notes Offering Mineral Resources Limited (ASX: MIN) (MinRes or Company) announced the pricing on 28 September 2023 of its US$1.1 billion 9.250% Senior Unsecured Notes due 2028 (the Notes) in an offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the United States Securities Act of 1933, as amended (the Securities Act), and to certain persons outside the United States in offshore transactions in reliance on Regulation S under the Securities Act. The aggregate principal amount of the offering has been increased from the initially announced US$850 million. The settlement of the offering of the Notes is expected to occur in New York on 3 October 2023, subject to customary closing conditions. MinRes intends to use the cash proceeds from the offering for general corporate purposes, including for capital expenditures. The Notes will pay interest on 1 April and 1 October each year, commencing on 1 April 2024, at a rate of 9.250% per annum. The Notes will be guaranteed by certain wholly-owned subsidiaries of MinRes. This announcement 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. The Notes may not be offered nor sold in the United States without registration under the Securities Act or an applicable exemption from such registration requirements. ENDS This announcement dated 29 September 2023 has been authorised for release to the ASX by Mark Wilson, Chief Financial Officer and Company Secretary. For further information, please contact: i hold MIN ( 'free-carried' ) i MIGHT have taken a bite here if denominated in Australian Dollars and offered through Australian markets 9.25% is a little low for me but it is senior debt will be less likely to add more in the mid-term with this potential time-bomb in their treasure chest [/QUOTE]

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