Issuer Credit Ratings¹

 

	Corporate Rating	Outlook	Senior Guaranteed Notes	Senior Notes
S&P	BB+	Stable	BB+	BB+
Moody’s	Ba1	Stable	Baa3	Ba2

 

1. As of April 23, 2018. For further information, please refer to each of the respective rating agency's public website. Credit ratings should not be construed as a recommendation to buy, sell or hold Teck’s debt instruments. Ratings may be revised or withdrawn at any time by the rating agencies.

 

Debt Instruments

 

The links below to Teck’s publicly filed historic prospectuses are provided for convenience and reference only, and nothing on this website constitutes an offer of securities for sale in any jurisdiction.  None of the information in the prospectuses has been updated and you should not rely on the information contained in the prospectuses for any purpose.

 

Senior Unsecured Guaranteed Notes¹

 

Coupon	Maturity	Currency & Amount Outstanding (million)	Callable Date2	Indenture3	CUSIP	ISIN
8.5%	June 1, 2024	US$600	On or after June 1, 2019	June 7, 2016	878742BC8 LW2505912	US878742BC80 USC87392AE32

 

1. Our obligations under these notes are guaranteed on a senior unsecured basis by Teck Metals Ltd. (TML), Teck Coal Partnership, Teck South American Holdings Ltd., TCL U.S. Holdings Ltd., Teck Alaska Incorporated and Teck Highland Valley Copper Partnership, each a wholly owned subsidiary of Teck.

 

2. These notes were issued at par value and are callable on or after the call date at pre-defined prices based on the date of redemption. Prior to the callable date, these notes can be redeemed, in whole or in part, at a redemption price equal to the principal amount plus accrued interest and a make-whole call premium.

 

3. The indenture dated June 7, 2016 limits the aggregate amount of additional indebtedness for borrowed money the subsidiary guarantors may guarantee or otherwise incur to 10% of consolidated net tangible assets, subject to certain specified exceptions.

 

Senior Unsecured Notes

 

Coupon	Maturity	Currency & Amount Outstanding (million)	Indenture1	Prospectus	CUSIP	ISIN
4.5%	January 15, 2021	US$220	May 8, 2009	Prospectus June 7, 2010   Supplement September 9, 2010	878742AT2	US878742AT25
4.75%	January 15, 2022	US$672	May 8, 2009	Prospectus June 7, 2010   Supplement July 1, 2011	878742AV7	US878742AV70
3.75%	February 1, 2023	US$646	May 8, 2009	Prospectus July 6, 2012   Supplement, July 30, 2012	878742AY1	US878742AY10
6.125%	October 1, 2035	US$609	September 12, 2002	Prospectus June 23, 2005   Supplement September 26, 2005	878742AE5	US878742aE55
6.0%	August 15, 2040	US$491	May 8, 2009	Prospectus June 7, 2010   Supplement September 9, 2010	878742AS4	US878742AS42
6.25%	July 15, 2041	US$795	May 8, 2009	Prospectus June 7, 2010   Supplement July 1, 2011	878742AW5	US878742AW53
5.2%	March 1, 2042	US$399	May 8, 2009	Prospectus June 7, 2010   Supplement Feb 21, 2012	878744AB7	US878744AB72
5.4%	February 1, 2043	US$377	May 8, 2009	Prospectus July 6, 2012   Supplement, July 30, 2012	878742AZ8	US878742AZ84

 

Revolving Committed Credit Facilities¹

 

Amount ($M)	Maturity
US$1,200	October 2020
US$3,000	October 2022

 

1. Our revolving committed credit facilities are guaranteed by the same guarantors as our senior unsecured guaranteed notes. These are Teck Metals Ltd. (TML), Teck Coal Partnership, Teck South American Holdings Ltd., TCL U.S. Holdings Ltd., Teck Alaska Incorporated and Teck Highland Valley Copper Partnership, each a wholly owned subsidiary of Teck.

 

Teck is aware that the analysts listed below have recently covered Teck. This list is provided for Information purposes only. Teck does not endorse or approve any opinions, estimates or forecasts of any analyst regarding Teck's business or its securities, or any analyst's conclusions or recommendations. Teck does not distribute analysts' reports. This list may not be complete and may change as firms add or delete coverage.

Investment Firm	Fixed Income Analyst
Bank of America Merrill Lynch	Matthew Fields
Barclays	Brian Lalli
Citi	Richard Yu
Goldman Sachs	Karl Blunden
JP Morgan	Brian Turner

Disclaimer

The information, including ratings information, is provided as of April 23, 2018. 

Credit ratings are not recommendations to purchase, hold or sell securities and do not address the market price or suitability of a specific security for a particular investor. Credit ratings may not reflect the potential impact of all risks on the value of securities. In addition, real or anticipated changes in the rating assigned to a security will generally affect the market value of that security. We cannot guarantee that a rating will remain in effect for any given period of time or that a rating will not be revised or withdrawn entirely by a rating agency in the future. 

We have made payments to Moody’s and S&P in connection with the assignment of ratings to our long-term debt. See each rating agency’s public website for further information regarding ratings.