Nyrstar’s €100 Million Notes Reopening and Debt Tender Offer

Cleary Gottlieb is representing Deutsche Bank and Credit Suisse as initial purchasers in a notes reopening pursuant to which Nyrstar will issue €100 million senior notes due 2024, which will be consolidated and form a single series with the €400 million senior notes due 2024 issued and sold by Nyrstar in March 2017.

The further senior notes will be listed on the Euro MTF Market of the Luxembourg Stock Exchange. The offering was made in the U.S. under Rule 144A and outside the U.S. in reliance on Regulation S.

Cleary is also representing BNP Paribas as dealer manager in a concurrent tender offer for Nyrstar’s 4.25 percent convertible bonds issued in an original aggregate principal amount of €120 million and maturing in 2018, of which an aggregate principal amount of €90.5 million is outstanding.

Both transactions are expected to close on September 15, 2017.

Nyrstar is a global multi-metals business, with a market-leading position in zinc and lead, and growing positions in other base and precious metals. Nyrstar has mining, smelting and other operations located in Europe, the Americas and Australia. Cleary served as underwriters’ counsel in Nyrstar’s 2007 IPO and in many other capital markets transactions since.