Sirius launches $2.9bn equity, debt, CB financing for potash mine

Sirius Minerals has launched a bold $3.8bn financing transaction, combining equity, debt and a new loan facility, to fund the development of its Yorkshire potash mine project. JP Morgan, Sirius's corporate broker, is underwriting and organising the deal.

  • By Sam Kerr
  • 30 Apr 2019

The company is raising equity capital on Tuesday in the form of a firm placing, placing and open offer, fully underwritten by JP Morgan, launched at a range of 15p to 18p a share, for $400m (£310m).

In addition, JP Morgan and Liberum have agreed to underwrite the settlement ...

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5 Goldman Sachs 168,889.20 700 4.94%

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5 UBS 4,913.18 26 5.54%