Teck to use note offering proceeds to redeem notes due 2014, 2019

By Tali David

Minneapolis, Feb. 16 - Teck Resources Ltd. plans to use the proceeds from its senior note offering, together with cash on hand, to fund the redemption of all $530 million of its 9.75% senior notes due 2014 and a portion its $1,043,000,000 of 10.75% senior notes due 2019, the company announced in a press release.

Teck is a Vancouver, B.C.-based mining company with a focus on copper, steelmaking coal and zinc.

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