Perth, 20 April 2012: Clayton Utz has acted for Iluka Resources Limited on the replacement of its existing Syndicated Term Loan Facility of A$445 million.
Clayton Utz Banking partner Rohan Mishra led the firm's team, with support from senior associate Kate Casellas.
The facility was refinanced through the entry into of a series of five year bilateral revolving credit facilities with a number of domestic and foreign institutions, totalling A$800 million.
Iluka Resources Limited is involved in the exploration, project development, operation and marketing of mineral sands products. It is the major producer of zircon globally and the largest producer of the high-grade titanium dioxide products of rutile and synthetic rutile. Its main assets and operations are located in Australia, with a mining and processing operation in Virginia, USA.