Senior Secured Notes Offering

Senior Secured Notes Offering


Baird served as a co-manager on this offering


Molycorp, Inc. (“Molycorp” or the “Company”) (NYSE: MCP) recently completed an offering of $650 million aggregate principal amount of 10.000% senior secured notes due 2020. Molycorp intends to use a substantial portion of the net proceeds from the offering to fund a portion of the Company’s proposed acquisition of Neo Material Technologies Inc. (TSX: NEM), a producer, processor and developer of neodymium-iron-boron magnetic powders, rare earths and zirconium based engineered materials and applications. The remaining net proceeds from the offering will be used for general corporate purposes.

Molycorp is the largest rare earth oxide producer in the Western hemisphere and owns one of the world's largest, most fully developed rare earth projects outside of China. The Company also owns one of the largest rare earth oxide and rare metal producers in Europe, and the only producer of rare earth alloys in the United States. Rare earths are critical inputs in many existing and emerging applications including: clean energy technologies, multiple high-tech uses, numerous defense applications, and advanced water treatment technology. Molycorp is headquartered in Greenwood Village, Colorado with offices in the U.S., Europe and Japan.

For additional information about this transaction, please contact:

Michael Horwitz 415-627-3284
Brian Sapp 415-627-3288
Josh Fiedler 415-627-3271
Pat Lawton 414-298-7764
Senior Secured Notes Offering
May 2012
Molycorp, Inc.
Target Location
North America