The Firm recently represented the initial purchasers, led by J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC as global coordinators and joint book-running managers, in a Rule 144A/Regulation S offering by Inmet Mining Corporation of $1.5 billion principal amount of 8.75% Notes due 2020. The offering closed on May 18, 2012.
Inmet Mining Corporation is Canadian-based global mining company that produces copper and zinc. They have three wholly-owned mining operations: Çayeli (Turkey), Las Cruces (Spain) and Pyhäsalmi (Finland). They also have an 80 percent interest in Cobre Panama, a development property in Panama.
The Simpson Thacher team included Ryan Bekkerus, Louie Pastor, Leah Shen and Allan Chorny (Capital Markets); Jonathan Cantor and Vanessa Cohen (Tax); Michael Isby (Environmental); Aimee Adler and Jeannine McSweeney (Executive Compensation and Employee Benefits); and Andrew Pagliughi (Blue Sky).
