Cliffs Natural Resources acquires Consolidated Thompson for $4.9 billion
Clients Cliffs Natural Resources Inc.
Jones Day advised Cliffs Natural Resources Inc. in its CAD$4.9 billion (US$4.948 billion) acquisition and related financing of Consolidated Thompson Iron Mines Limited. The financing consisted of a $2.45 billion unsecured, investment-grade bridge facility and a $1.25 billion unsecured, investment-grade term loan.
In addition to M&A representation, Jones Day provided banking, capital markets, and antitrust advice regarding this transaction.