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Published on 6/30/2020 in the Prospect News Bank Loan Daily.

Teck Resources signs new $1 billion two-year revolving loan

By Sarah Lizee

Olympia, Wash., June 30 – Teck Resources Ltd. announced that it has signed a new $1 billion two-year revolving credit facility.

The terms are substantially the same as the company’s existing $4 billion revolver, according to a press release.

The company also said that it plans to use some proceeds from an upsized $550 million of 3.9% 10-year senior notes to reduce amounts outstanding under the existing revolver.

Teck is a mining company based in Vancouver, B.C.


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