8 May, 2017
Barminco Finance Pty Limited (“Barminco Finance”), Australia's leading underground hard-rock mining contractor, recently completed a US$350 million offering of 6.625% senior secured notes due 2022. The offering was made under Rule 144A and Regulation S under the Securities Act of 1933, and the notes were listed on the Singapore Stock Exchange. The notes are fully and unconditionally guaranteed on a senior secured basis by Barminco Holdings Pty Limited and certain of its subsidiaries. The net proceeds of the offering will be used to redeem the entire US$299.7 million aggregate principal amount of Barminco Finance’s 9.00% senior notes due 2018 and for general corporate purposes.
Skadden represented Goldman Sachs, HSBC and SC Lowy as the underwriters of the bond. The Skadden core team includes in Asia, partners Adrian Deitz and Jonathan Stone, and associates James McCurley and Ruby Hong, corporate; and in the US, partner Sean Shimamoto, tax.
