June 07, 2016 10:49 ET
VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 7, 2016) – Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) announced today that its previously-announced offering of US$1.25 billion of senior unsecured notes, consisting of US$650 million aggregate principal amount of five-year notes and US$600 million aggregate principal amount of eight-year notes, has closed. Teck has applied all of the net proceeds from the offering to fund its previously-announced tender offers to purchase for cash up to US$1.25 billon principal amount of its 3.150% Notes due 2017, 3.850% Notes due 2017, 2.500% Notes due 2018 and 3.000% Notes due 2019.
The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended, (the “Securities Act”) or any state securities laws and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the notes and shall not constitute an offer, solicitation or sale of any notes in any jurisdiction where such offering or sale would be unlawful. This press release shall not constitute an offer to purchase the outstanding notes subject to the tender offers. The tender offers are being made only pursuant to the offer to purchase and related letter of transmittal.
Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy. Headquartered in Vancouver, Canada, its shares are listed on the Toronto Stock Exchange under the symbols TCK.A and TCK.B and the New York Stock Exchange under the symbol TCK.