Teck Resources Limited offers to purchase up to $1.25 billion of outstanding notes.

From GlobeNewswire: 2024-07-04 23:04:09

Teck Resources Limited has announced the commencement of six separate offers to purchase up to $1,250,000,000 aggregate principal amount of its outstanding notes. The offers will be based on acceptance priority levels and will not be subject to proration. The expiration date for the offers is July 15, 2024, with an initial settlement date expected on July 17, 2024. Holders whose notes are accepted for purchase will receive the applicable total consideration in cash. Teck’s obligation to complete an offer is conditioned on the maximum purchase amount not exceeding $1,250,000,000. Holders should carefully consider their tendered notes due to potential limitations on withdrawals.



Read more at GlobeNewswire: Teck Announces Cash Tender Offers for up to US$1.25 Billion