Market Overview

Thompson Creek Prices $200 Million Senior Notes Offering


Thompson Creek Metals Company Inc. (NYSE: TC) today announced the pricing of an offering of $200,000,000 aggregate principal amount of its 12.50% Senior Notes due 2019. The Senior Notes offering is expected to close, subject to customary closing conditions, on May 11, 2012.

The Company intends to use the net proceeds from the Senior Notes offering, together with the net proceeds from a concurrent offering of tMEDS, cash from operations and funds from prior financing arrangements, to complete construction of its Mt. Milligan copper-gold mine. Neither the offering of the Senior Notes nor the concurrent offering of tMEDS is contingent upon completion of the other offering, and each offering is being conducted as a separate public offering.

The Senior Notes due 2019 will be fully and unconditionally guaranteed by certain wholly-owned subsidiaries of the Company. The Senior Notes are not convertible into equity of Thompson Creek.

Posted-In: News Offerings


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