Jurisdiction - Australia
Herbert Smith Freehills Advises Arrium Limited On Its AUD 754m Entitlement Offer.

22 September, 2014


Herbert Smith Freehills has advised Arrium Limited (Arrium) on its AUD 754m fully underwritten pro-rata accelerated renounceable entitlement offer including retail rights trading (“PAITREO”) and institutional placement (Offer), announced to the ASX on 15 September 2014. The proceeds from the Offer will be used by Arrium to repay debt, strengthen the company’s balance sheet and provide it with a more appropriate capital structure for the current environment.


The Herbert Smith Freehills capital markets team was led by partners Philippa Stone and Tim McEwen. Ms Stone said “Herbert Smith Freehills is delighted to have been able to assist Arrium on this major capital raising.”


The Offer is fully underwritten by UBS AG, Australia Branch, who were advised by King & Wood Mallesons.


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