Steelmin Limited’s debt fundraising from Red Rock Resources plc

Memery Crystal advised Steelmin Limited, on debt fundraising from Red Rock Resources plc which will allow the company to complete the refurbishment of its ferrosilicon smelter complex in Jajce, Bosnia with production expected Q1 2018.

The funding was structured as a secured loan note amortising monthly. Red Rock has also taken an equity stake in Steelmin and will also have a seat on the company’s board of directors.

The Memery Crystal team was led by CEO Nick Davis (Picture) and included corporate senior associate, Krishen Patel.

Involved fees earner: Nick Davis – Memery Crystal; Krishen Patel – Memery Crystal;

Law Firms: Memery Crystal;

Clients: Steelmin Limited;