Australia’s Nickel Industries plans offering of senior notes

Chicago, April 11 – Nickel Industries Ltd. is planning to sell new senior notes (B1//B+), according to multiple notices.

The U.S. dollar-denominated notes will be due in 2028.

The company is conducting a concurrent tender offer for its $325 million 6½% notes due 2024 that were issued under Regulation S.

The dealer managers for the tender offer are Merrill Lynch (Singapore) Pte. Ltd. and Morgan Stanley & Co. International plc.

Distribution on the new notes will be Rule 144A and Regulation S.

The company said it will be in separate discussions with holders of its $225 million outstanding senior secured notes due August 2025.

The company is conducting the tender offer and the new notes sale to extend its debt maturity profile.

The nickel producer is based in Sydney, Australia. The company changed its name from Nickel Mines Ltd.

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