A&O Shearman advises Champion Iron on its inaugural high yield notes offering

The notes are guaranteed by Champion Iron Limited and each of its subsidiaries that is a borrower or guarantor under its senior credit facilities. The notes were offered pursuant to Rule 144A and Regulation S. Champion intends to apply the net proceeds from the sale of the notes to repay the amounts outstanding under its senior credit facilities and for general corporate purposes.

Champion owns and operates the Bloom Lake Mining Complex located on the south end of the Labrador Trough. In addition to Bloom Lake, Champion owns the Kamistiatusset (Kami) mining properties and a portfolio of exploration and development projects in the Labrador Trough.

The A&O Shearman team representing Champion was led by U.S. capital markets partners Ryan Robski and Jason Lehner, and associates Tianwei Liu and Nick Slagter, and included tax partner Larry Crouch, counsels Matthew Berens and Tom Majewski, associates Daniel Kachmar, Stephanie Li, and SY Ro, and law clerks Christopher Torikoglu and Jahanvi Pandit.

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