Shearman & Sterling represented joint bookrunning managers Citi, Jefferies and BNP Paribas on First Quantum Minerals’ debut international US$350 million high yield bond offering. The offering of the senior unsecured notes, which was undertaken by way of a private placement (including in the US pursuant to Rule 144A), closed on 10 October. The company will use the proceeds of the bond sale for general corporate purposes.
Listed on the London, Toronto and Lusaka stock exchanges, metals and mining company First Quantum Minerals’ main asset is the Kansanshi copper mine in Zambia.
The Shearman & Sterling team of lawyers in the firm’s London and Washington, DC offices included capital markets partner Apostolos Gkoutzinis, counsel David Dixter and associates Kara Major, Yaw Asare, Dimos Papanikolaou and Randy Nahle. Partner Craig Gibian and associate Gerald Feige advised on the tax aspects of the transaction.
