Rio Tinto $1.5 Billion Cash Tender Offers
Davis Polk advised the lead dealer managers in connection with cash tender offers by Rio Tinto Finance (USA) plc and Rio Tinto Finance (USA) Limited to purchase for cash certain of their respective U.S. dollar denominated debt securities.
Rio Tinto is a leading global mining and metals group that focuses on finding, mining and processing mineral resources. Major products include aluminum, copper, diamonds, gold, industrial minerals (borates, titanium dioxide and salt), iron ore, thermal and metallurgical coal and uranium. Rio Tinto’s activities span the world and are strongly represented in Australia and North America with significant businesses in Asia, Europe, Africa and South America.
The Davis Polk corporate team included partner Reuven B. Young, counsel Radoslaw Michalak and associate Matthew W. Levy. Partner John D. Paton and associate Omer Harel provided U.S. tax advice. Partner Jonathan Cooklin and counsel David Wilson provided U.K. tax advice. Members of the Davis Polk team are based in the London office.