Teck Resources’ $550 Million Notes Offering and Tender Offer

Paul, Weiss, Rifkind, Wharton & Garrison advised Teck Resources Limited on the deal.

Teck Resources Limited executed its issuance of $550 million aggregate principal amount of 3.900% senior unsecured notes due 2030 and a related tender offer for all of its 4.500% notes due 2021, 4.75% notes due 2022, and 3.750% notes due 2023.

J.P. Morgan, BMO Capital Markets, Goldman Sachs & Co. LLC, Mizuho Securities and RBC Capital Markets acted as joint book-running managers for the offering. J.P. Morgan acted as the dealer manager for the tender offer.

Teck Resources Limited is a Canadian diversified resource company with major business units focused on copper, steelmaking coal, zinc and energy.

The Paul, Weiss team advising Teck Resources included corporate partner Christopher Cummings (Picture) and counsel Stephen Centa; tax partner David Sicular; and environmental counsel William O’Brien.

Involved fees earner: Stephen Centa – Paul Weiss Rifkind Wharton & Garrison; Christopher Cummings – Paul Weiss Rifkind Wharton & Garrison; William O’Brien – Paul Weiss Rifkind Wharton & Garrison; David Sicular – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Teck Resources Limited;

Author: Ambrogio Visconti