01 Nov 2012

Clayton Utz advises banks on A$500million Mineral Resources financing

Perth, 1 November 2012: Clayton Utz has acted for National Australia Bank Limited as arranger and a syndicate of banks on a A$500 million financing for Mineral Resources Limited.

Clayton Utz Banking partner Rohan Mishra led the firm's team, which included senior associate Kate Casellas and lawyer Amanda Bedford.

The financing comprised cash facilities as well as guarantee and contingent instrument facilities. The guarantee and contingent instrument facilities were provided to support contracts which Mineral Resources Limited and its subsidiaries had entered into in respect of various mining projects.

Lead partner Rohan Mishra said the transaction reflected the growth of the mining services industry and their need for larger banking facilities.

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Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this communication. Persons listed may not be admitted in all States and Territories.