Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced today that it commenced a cash tender offer (the "Tender Offer") to purchase up to US$500 million aggregate principal amount (subject to increase or decrease by Teck, the "Aggregate Maximum Tender Amount") of its outstanding notes listed in the table below (collectively, the "Notes" and each a "Series" of Notes), in the order of priority shown in the table below.
|Acceptance Priority Level||CUSIP / ISIN||Title of Security|| |
Aggregate Principal Amount Outstanding
|Reference U.S. Treasury Security||Bloomberg Reference Page||Fixed Spread (basis points) (1)|
|1||878742AW5 / US878742AW53||6.250% Notes due 2041||US$794,717,000||3.250% U.S. Treasury due May 15, 2042||FIT1||230|
|2||878742AE5 / US878742AE55||6.125% Notes due 2035||US$609,355,000||2.875% U.S. Treasury due May 15, 2032||FIT1||230|
|3||878742AS4 / US878742AS42||6.000% Notes due 2040||US$490,670,000||3.250% U.S. Treasury due May 15, 2042||FIT1||230|
|4||878742AZ8 / US878742AZ84||5.400% Notes due 2043||US$376,908,000||3.250% U.S. Treasury due May 15, 2042||FIT1||230|
|5||878744AB7 / US878744AB72||5.200% Notes due 2042||US$399,043,000||3.250% U.S. Treasury due May 15, 2042||FIT1||230|
|6|| 878742BE4 / US878742BE47 |
878742BG9 / US878742BG94
|3.900% Notes due 2030||US$550,000,000||2.875% U.S. Treasury due May 15, 2032||FIT1||195|
(1) Includes the Early Tender Premium of US$50 per US$1,000 principal amount of Notes for each Series (the "Early Tender Premium").