Paul Hastings Represents Joint Bookrunners in Essar Steel Minnesota’s $450 Million Senior Secured Notes Offering

May 15, 2014

New York, NY - Paul Hastings LLP, a leading global law firm, announced that the firm represented joint bookrunners Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC and Jefferies LLC in connection with the offering of $450 million of 11.500% senior secured notes due 2020 by Essar Steel Minnesota LLC, a global integrated iron ore producer. The offering closed into escrow and subject to certain conditions, the net proceeds of the notes, together with certain other financing, will be used to complete the construction of a 7.0 million tonnes per annum fully-integrated pellet production facility in northern Minnesota.

Leveraged Finance partners Mike Michetti, Jeffrey Pellegrino and Michael Chernick led the Paul Hastings team, which included associates Joseph Fastiggi, Kelly Egers, Felicia Yen, Katie Forer and Yian Huang.

Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.