PERTH, Australia, April 14 /CNW/ - Mirabela Nickel Limited ("Mirabela")
(ASX: MBN) (TSX: MNB) has today closed its offering of US$395 million
of 8.75% senior unsecured notes due 2018 (the "Notes") in the
international and United States Rule 144A debt capital markets. The
Notes were issued by Mirabela and are guaranteed by Mirabela
Investments Pty Limited and Mirabela Mineração do Brasil Ltda.
The net proceeds from the offering were deposited into an escrow account
pending the satisfaction of certain conditions relating to the
completion of the refinancing of Mirabela's existing indebtedness and
hedging arrangements. As those conditions have been satisfied,
Mirabela will use the net proceeds to pay down its senior and
subordinated debt facilities, to make prepayments in connection with
the termination of certain commodity call options, interest rate
hedging and foreign exchange hedging, to provide further general
working capital and for general corporate purposes.
This announcement is neither an offer to sell, nor a solicitation to
buy, the securities referenced above and shall not constitute an offer,
solicitation or sale in any jurisdiction in which such offer,
solicitation or sale is unlawful.
The securities referenced above have not been, and will not be,
registered under the Securities Act of 1933, as amended, or under any
state securities laws and may not be offered or sold in the United
States absent registration or an applicable exemption from registration
SOURCE Mirabela Nickel Ltd.
For further information:
| Bill Bent || Alex Buck |
| Vice President, Business Development || Director |
| Mirabela Nickel Limited || Buckbias |
| Telephone: +61 433 790 070 || Telephone: +44 7932 740 452 |
| firstname.lastname@example.org || email@example.com |