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Teck Resources Limited’s USD1.384 billion abbreviated tender Offer

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Published Date

Jul 24 2024

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A&O Shearman represented the deal managers, led by BofA Securities and RBC Capital Markets, in connection with an abbreviated tender offer by Teck Resources Limited to purchase for cash up to USD1.25bn principal amount of its 3.900% Notes due 2030, 6.125% Notes due 2035, 6.000% Notes due 2040, 6.250% Notes due 2041, 5.200% Notes due 2042 and 5.400% Notes due 2043. Following the expiration date, Teck upsized the offer to repurchase all USD1.384 billion principal amount of notes tendered.

Teck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline.

The A&O Shearman team was led by partner Ryan Robski (Toronto – Capital Markets) and associates Nicole Bennewies (Toronto – Capital Markets) and Nikolaos Chagias (New York – Capital Markets) and was supported by Jason Lehner (Toronto/New York – Capital Markets), Larry Crouch (Menlo Park – Tax) and associate Austin Jones (Menlo Park– Tax).