Brazilian Refractory Company in $250 Million Perpetual Bond Offering

April 5, 2012

Cleary Gottlieb represented Barclays Capital, Citibank Global Markets, Deutsche Bank Securities, and Itau BBA USA Securities as initial purchasers in a Rule 144A/Reg. S offering by Magnesita Finance, a subsidiary of Magnesita Refratários, of $250 million in Perpetual Notes. The offering closed on April 5.

Magnesita, which is based in Brazil, is a vertically integrated global company, specialized in the mining, production and sale of refractories. Magnesita also provides integrated solutions for the refractory needs of companies in the steel, cement, aluminum and glass production industries.