Teck Resources Completes Debt Offering

On July 5, 2011, Teck Resources completed a public offering in the United States of US$2 billion in aggregate principal amount of new senior unsecured notes, comprising US$300 million aggregate principal amount of 3.15 per cent notes due 2017, US$700 million aggregate principal amount of 4.75 per cent notes due 2022 and US$1 billion aggregate principal amount of 6.25 per cent notes due 2041. The syndicate for the offering of the notes was led by Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co. and RBC Capital Markets, 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 including Hellen Siwanowicz, Craig Manuel and Andrew Tam (securities and corporate) in Toronto; and Amandeep Sandhu (securities and corporate) and Peter Botz (tax) in Vancouver. Paul, Weiss, Rifkind, Wharton & Garrison LLP represented Teck in the US with a New York team comprising Edwin Maynard, Jane Danek, Pamela Okehie, Alex Tolston and Steve Centa.

The joint book-running managers for the offering of the notes were represented in Canada by Blake, Cassels & Graydon LLP with a team in Toronto that included Christopher Hewat, Cynthia Sargeant and Michael Smith (securities and corporate) and Wanda Rumball (tax), and in the US by Shearman & Sterling LLP with a team in Toronto that included Jason Lehner, Hugo Sin and Daniel Weber.