S&C Advises PLS on Its Debut $600 Million Notes Offering
When PLS Group Limited made its first offering of $600 million in total principal of 6.875% senior unsecured notes due in 2031, Sullivan & Cromwell provided advice. The offering’s proceeds will be utilized for both general business needs and the repayment of specific amounts under its senior secured revolving credit facility. The deal was the Australian metals and mining company’s first high-yield bond issuance since 2021.