Brazilian Refractory Company in $400 Million Bond Offering

March 30, 2010

Cleary Gottlieb represented J.P. Morgan Securities, BB Securities, Banco Bradesco -- Grand Cayman Branch and Banco Itaú Europa -- London Branch as initial purchasers in a Rule 144A/Reg. S offering by Rearden G Holdings Eins, a subsidiary of Magnesita Refratários, of $400 million 7.875% Senior Notes due 2020. The offering closed on March 30.

Magnesita, which is based in Brazil, is a vertically integrated global mining and industrial company, providing integrated solutions and products for the refractory needs of companies in the steel, cement, aluminum and glass production industries. Magnesita is controlled by funds affiliated with GP Investments Ltd., a leading Brazilian private equity firm.