Teck Resources completes US$1,000,000,000 debt offering 

 

February 2012

On February 28, 2012, Teck Resources completed a public offering in the United States of US$1 billion in aggregate principal amount of new senior unsecured notes, comprised of US$500 million aggregate principal amount of 3.000% notes due 2019 and US$500 million aggregate principal amount of 5.200% notes due 2042.

The syndicate for the offering of the notes was led by J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co. and Morgan Stanley & Co. LLC, as joint book-running managers.

Teck was represented in-house by Nick Uzelac, Corporate Counsel and Doug Powrie, Vice President, Tax, and in Canada by McMillan LLP with a team in Toronto that included Greg McIlwain and David Mendicino (securities and corporate) and Carl Irvine (tax) and a team in Vancouver that included Amandeep Sandhu (securities and corporate) and John Morrison and Jill Pereira (banking).