Financing ·
Teck Resources Limited announced the receipt of requisite consents for amendments to its indentures governing six…
TCKRFTeck Resources Ltd
Teck Resources Limited announced the receipt of requisite consents for amendments to its indentures governing six series of outstanding notes totaling approximately $1.02 billion in aggregate principal amount, including the 3.900% notes due 2030 and 6.125% notes due 2035. The company will pay a consent fee of U.S. $1.00 for each U.S. $1,000 principal amount of affected notes held by consenting holders. These amendments align certain covenants with Anglo American's debt indentures in connection with the ongoing merger between Teck and Anglo American plc, which is expected to complete between September 2026 and March 2027. The completion of the merger is not a condition for the effectiveness of these consents or the payment of fees. Teck Resources Limited operates as a leading Canadian resource company focused on providing metals essential to economic development and the energy transition, with world-class copper and zinc operations across North and South America.