Fredrikson & Byron acted as legal counsel for Magnetation LLC in its sale of an aggregate principal amount of $325 million senior secured notes and entry into a $50 million senior secured revolving credit facility. Magnetation LLC is a natural resources company that focuses on the design, development, construction and operation of facilities that produce iron ore concentrate from previously-abandoned iron ore waste stockpiles and tailings basins. J.P. Morgan Securities LLC, Jefferies LLC and Deutsche Bank Securities Inc. served as joint book-running managers in the sale of senior secured notes. JPMorgan Chase Bank, N.A. is the administrative agent for the credit facility, and J.P. Morgan Securities LLC served as the sole lead arranger and sole bookrunner.
Fredrikson’s legal team included capital markets and credit attorneys: Melodie Rose, Simon Root, Mark Tranovich, Elizabeth Dunshee, Amanda Schmall and Joseph Schauer; real estate attorneys Eric Anderson and Jeremy Duehr; environmental attorney Sue Steinwall; employment and labor attorney Rick Ross; intellectual property attorney Dave West; and tax attorney Tom Garton.
To read Magnetation’s press release, click here.
