Thompson Creek Metals plans to sell $200 million seven-year notes

By Paul A. Harris

Portland, Ore., May 7 - Thompson Creek Metals Co., Inc. plans to price a $200 million offering of seven-year senior notes (confirmed Caa2/expected CCC+) on Tuesday, according to a market source.

J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. and RBC Capital Markets are the joint bookrunners.

Standard Chartered Bank, SG CIB and UBS Investment Bank are the co-managers.

The notes, which will be registered with the Securities and Exchange Commission, come with four years of call protection.

Proceeds will be used to fund construction of the Mt. Millgan copper-gold mine and for working capital.

The prospective issuer is a mining company is based in Vancouver, B.C., and Littleton, Colo.

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