Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, in the sale of an aggregate principal amount of $500 million 6.25% Senior Notes due 2022 of New Gold Inc., a British Columbia corporation (“New Gold”). The offering was conducted as a private offering in reliance upon Rule 144A and Regulation S. The notes are guaranteed by certain of New Gold’s direct and indirect subsidiaries. The transaction closed on November 14, 2012. The Firm also worked on an offering by New Gold of $300 million of 7.00% Senior Notes due 2020 earlier this year.
New Gold is a leading mid-sized gold producer with operating mines in the United States, Mexico, Canada and Australia and development projects in Canada and Chile. New Gold is listed on the Toronto Stock Exchange and the NYSE Amex.
The Simpson Thacher team included John Lobrano, Xavier Kowalski and Joo Hyun Lee (Capital Markets); Jonathan Cantor and Danny Salinas (Tax); Mike Isby (Environmental); and Andrew Pagliughi (Blue Sky).
