First Reserve Corporation - Sale of Glencore convertible bonds and investment in Glencore shares

  • 07 Sept 2011
 

Slaughter and May, working as an integrated team with Simpson Thacher & Bartlett LLP, have advised First Reserve Corporation on the sale of its US$800 million holding of convertible bonds issued by Glencore Finance (Europe) S.A. and guaranteed by Glencore International AG and Glencore AG. The sale was completed by way of an accelerated bookbuilding. Concurrently, First Reserve acquired direct and indirect interests in ordinary shares of Glencore International plc.

The transactions were announced on 07 September 2011.

 
 

Contacts

 

Robin Ogle (partner); Financing: Marc Hutchinson (partner), Nick Pacheco (associate)

The Simpson Thacher & Bartlett LLP, New York office, team was led by corporate partner Bill Curbow and included corporate partner Joyce Xu, and associates Jordan Taylor and Michael Holick.

 
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