Teck Announces Pricing of Cash Tender Offers

Core Viewpoint - Teck Resources Limited has announced the pricing terms for its offers to purchase up to US$1,250,000,000 of its outstanding notes across six separate series, with specific conditions and settlement dates outlined in the Offer to Purchase [7][18]. Group 1: Offer Details - The Offers are subject to the satisfaction or waiver of certain conditions, and Teck will accept notes for purchase based on their Acceptance Priority Level, with a maximum purchase condition in place [2][4]. - The Total Consideration for each series of Notes is calculated based on a fixed spread over the applicable U.S. Treasury yield, with specific amounts detailed for each series [9][16]. - The Initial Settlement Date is expected to be July 17, 2024, and the Guaranteed Delivery Settlement Date is expected to be July 19, 2024 [4][10]. Group 2: Notes Information - The Offers include six series of Notes with varying maturity dates and principal amounts outstanding, including 3.900% Notes due 2030 and 6.250% Notes due 2041, among others [8][16]. - The Total Consideration for the 3.900% Notes due 2030 is $957.01 per $1,000 principal amount, while the 6.125% Notes due 2035 have a Total Consideration of $1,057.76 [8][16]. Group 3: Additional Information - Holders whose Notes are accepted will receive an Accrued Coupon Payment in addition to the Total Consideration, covering interest accrued up to the Initial Settlement Date [11][19]. - Global Bondholder Services Corporation is acting as the Information and Tender Agent for the Offers, providing assistance and additional information as needed [12].