First Quantum Minerals Successfully Prices $1 Billion Senior Notes
Deal News | Mar 18, 2025 | Ropes & Gray
Ropes & Gray provided advisory services to the initial purchasers in First Quantum Minerals' senior notes offering, valued at $1 billion. The offering, which includes a tender offer, successfully priced on February 19, 2025, with an upsize from the original amount. The proceeds are intended for partial debt repayment by the international mining company. The legal team was led by Michael Kazakevich, with support from Luwam Mezue, Clara Melly, Matea Scepanovic, and Alexandra Elphick.
Sectors
- Mining and Metals
- Corporate Finance
- Legal Services
Geography
- International – First Quantum Minerals is an international company, and the issuance potentially involves investors from multiple geographies.
- United Kingdom – The legal team from Ropes & Gray was led out of their London office.
Industry
- Mining and Metals – First Quantum Minerals operates primarily in this sector, focusing on copper, gold, zinc, and nickel production.
- Corporate Finance – The issuance of $1 billion in senior notes falls within corporate finance, as it involves debt structuring and financial advisory.
- Legal Services – Ropes & Gray provided legal counsel in the structuring of the notes offering and tender offer.
Financials
- $1,000,000,000 – The aggregate principal amount of senior notes issued by First Quantum Minerals.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| First Quantum Minerals | Issuer | Company | An international mining and metals company involved in the production of copper, gold, zinc, and nickel. |
| Ropes & Gray | Legal Advisor | Company | Global law firm providing legal advisory services for the offering of First Quantum Minerals' senior notes. |
| Michael Kazakevich | Finance Partner | Person | Led the Ropes & Gray team in advising on the senior notes offering. |
| Luwam Mezue | Counsel | Person | Provided legal counsel support to the transaction. |