Teck Announces Upsizing and Results of its Cash Tender Offers

Core Viewpoint - Teck Resources Limited has successfully completed its offers to purchase outstanding notes, increasing the maximum purchase amount to approximately US$1.384 billion to accept all validly tendered notes [9][10]. Group 1: Offer Details - The total principal amount of notes validly tendered before the expiration date was US$1,367,481,000, with an additional US$16,311,000 tendered under guaranteed delivery procedures [2][4]. - The offers expired at 5:00 p.m. Eastern time on July 15, 2024, with the initial settlement date expected on July 17, 2024 [10]. - Holders of accepted notes will receive the applicable total consideration specified for each US$1,000 principal amount, payable in cash on the settlement date [17]. Group 2: Notes Information - The offers included six separate series of notes, with varying principal amounts outstanding and total considerations [11]. - The principal amounts tendered and accepted for each series of notes were detailed, showing significant participation across all series [11]. - Holders whose notes were accepted will also receive accrued coupon payments, with interest ceasing to accrue on the initial settlement date [12]. Group 3: Company Overview - Teck is a leading Canadian resource company focused on providing essential metals for economic development and energy transition, with operations in North and South America [8]. - The company emphasizes responsible growth and stakeholder trust as part of its operational strategy [8].