MIN.ASX: Pricing of US$700 million Senior Unsecured Notes Offering

Pricing of US$700 million Senior Unsecured Notes Offering

Stock	Mineral Resources Ltd (MIN.ASX)
Release Time	23 Sep 2025, 8:30 a.m.
Price Sensitive	Yes

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Mineral Resources Prices US$700M Senior Unsecured Notes Offering

Key Points

Mineral Resources prices US$700 million 7.000% Senior Unsecured Notes due April 2031
Notes to be used to refinance existing US$700 million 8.125% Senior Unsecured Notes due May 2027
Notes will pay interest semi-annually and be guaranteed by certain wholly-owned subsidiaries

Full Summary

Mineral Resources Limited (ASX: MIN) (MinRes or Company) announced the pricing on 22 September 2025 of its US$700 million 7.000% Senior Unsecured Notes due April 2031 (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 settlement of the offering of the Notes is expected to occur in New York on 1 October 2025, subject to customary closing conditions. MinRes intends to use the cash proceeds from the offering to refinance its existing US$700 million 8.125% Senior Unsecured Notes due May 2027. The Notes will pay interest on 1 April and 1 October each year, commencing on 1 April 2026, at a rate of 7.000% per annum. The Notes will be guaranteed by certain wholly-owned subsidiaries of MinRes.