Teck Resources Completes US$1B Debt Offering

Teck Resources completed a public offering in the United States of US$1 billion in aggregate principal amount of new senior unsecured notes, comprising US$500 million aggregate principal amount of 3.000 per cent notes due 2019 and US$500 million aggregate principal amount of 5.200 per cent 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 Hellen Siwanowicz, 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). Paul, Weiss, Rifkind, Wharton & Garrison LLP represented Teck in the US with a team in New York comprising Edwin Maynard, Stephen Centa, Alex Tolston and Jennifer Lambert.

The underwriters for the offering of the notes were represented in Canada by Blake, Cassels & Graydon LLP with a team in Toronto that included Chris Hewat, Cynthia Sargeant and Michael Smith (securities) and Bryan Bailey (tax); and in the US by Shearman & Sterling LLP with a team in Toronto that included Jason Lehner, Hugo Sin and Peter Dueck; as well as Larry Crouch (tax) in Palo Alto.