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Mineral Resources Prices US$1.3 Billion Senior Notes to Cut Debt Costs and Extend Maturities
10:14am on Tuesday 21st of April, 2026 AEST
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Mineral Resources Prices US$1.3 Billion Senior Notes to Cut Debt Costs and Extend Maturities
10:14am on Tuesday 21st of April, 2026 AEST
Key Points
US$1.3 billion senior notes split equally between 6.000% (2032) and 6.250% (2034) maturities
Refinances US$625 million 8.000% notes due 2027 and redeems US$350 million of 9.250% notes due 2028
Annual finance cost savings of $48 million and weighted average cost of debt lowered from 8.4% to 7.4%
Weighted average tenor extended from 3.1 to 5.0 years
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Mineral Resources (ASX:MIN)
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