Teck Announces Redemption Of Notes
Vancouver, B.C. – Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) (“Teck”) announced today that it has issued a notice of redemption to redeem, on November 19, 2012, all of the approximately US$521.3 million principal amount of its outstanding 10.75% senior notes due 2019 (“2019 notes”).
Teck expects, based on current interest rates, to record an estimated net after-tax accounting charge of approximately US$259 million in the fourth quarter of 2012 in connection with the redemption of the 2019 notes. The Bank of New York Mellon, as trustee, has distributed the notice of redemption to registered holders of the 2019 notes. This news release shall not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities.