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To: mimur who wrote (156774)	5/5/2009 4:09:58 PM
From: Rocket Red	Respond to of 312759

Teck prices $4.225-billion (U.S.) notes offering 2009-05-05 16:08 ET - News Release Shares issued 477,512,086 TCK.B Close 2009-05-04 C$ 15.70 Mr. Greg Waller reports TECK ANNOUNCES PRICING OF US$4.225 BILLION OF 5, 7 AND 10 YEAR NOTES Teck Resources Ltd. has priced its previously announced offering of senior secured notes, and will issue $4.225-billion (U.S.) in total principal amount of senior secured notes, consisting of $1.315-billion (U.S.) total principal amount of five-year notes, $1.06-billion (U.S.) total principal amount of seven-year notes and $1.85-billion (U.S.) total principal amount of 10-year notes. The five-year notes will bear interest at the rate of 9.75% per annum, will be issued at 95.27% of face value and will be non-callable. The seven-year notes will bear interest at the rate of 10.25% per annum, will be issued at 94.654% of face value and will be callable on or after May 15, 2013. The 10-year notes will bear interest at the rate of 10.75% per annum, will be issued at 94.893% of face value and will be callable on or after May 15, 2014. Teck intends to use the net proceeds from the private placement to repay borrowings under its existing bridge credit facility. On completion of the transaction, the outstanding balance under the bridge facility is expected to be (U.S.) $603 million, which is due on October 30, 2011.