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Teck Resources Closes $1.25 Billion Notes Offering

Paul, Weiss advised Teck Resources Limited, a Canadian diversified resource company with major business units focused on copper, steelmaking coal, zinc and energy, in connection with its issuance of $650 million aggregate principal amount of 8.000% notes due 2021 and $600 million aggregate principal amount of 8.500% notes due 2024. The notes are unconditionally guaranteed on a senior unsecured basis by certain wholly owned subsidiaries of Teck. Teck applied all of the net proceeds from the offering to fund its cash tender offers for up to $1.25 billon aggregate 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. J.P. Morgan Securities LLC, Goldman, Sachs & Co. and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as joint bookrunning managers for the offering and as dealer managers for the tender offers.

The Paul, Weiss team advising Teck included corporate partners Edwin Maynard and Christopher Cummings and counsel Stephen Centa; tax partner David Sicular; and environmental counsel William O'Brien.

June 8, 2016

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