This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Thompson Creek Prices $350 Million Senior Secured Notes Offering

Stocks in this article: TCTCM

NYSE: TC TSX: TCM

DENVER, CO, Nov. 16, 2012 /PRNewswire/ - Thompson Creek Metals Company Inc. (the "Company" or "Thompson Creek")  today announced the pricing of an offering of $350,000,000 aggregate principal amount of its 9.75% Senior Secured First Priority Notes due 2017 ("Senior Secured Notes").  The Senior Secured Notes offering is expected to close, subject to customary closing conditions, on November 27, 2012.

The Company intends to use the proceeds from the offering for general corporate purposes, including capital expenditures relating to the development of its Mt. Milligan copper-gold mine.  In connection with the closing of this offering, the Company intends to terminate its revolving credit facility, under which no debt is outstanding.

The Senior Secured Notes will be fully and unconditionally guaranteed by certain wholly-owned subsidiaries of the Company.  The Senior Secured Notes and the related guarantees will be secured by a first-priority lien subject to permitted liens on substantially all of the Company's and the guarantors' property and assets.  The Senior Secured Notes are not convertible into equity of Thompson Creek.

The offering is being made in the United States pursuant to an effective shelf registration statement that has been filed with the Securities and Exchange Commission (the "SEC"). A preliminary prospectus supplement related to the offering was filed with the SEC and is available on the SEC's website at http://www.sec.gov.

The offering is being made in Canada pursuant to an effective Canadian base shelf prospectus that has been filed on SEDAR.  A preliminary prospectus supplement related to the offering was filed with, and is available on, SEDAR at http://www.sedar.com.

Deutsche Bank Securities Inc. served as the sole book-running manager of the Senior Notes offering.

Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the Senior Secured Notes may be obtained from the Sole Book-Running Manager, Deutsche Bank Securities Inc., by telephone at 1-800-503-4611, by email to prospectus.CPDG@db.com or by mail to Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836.

This press release is neither an offer to sell nor a solicitation of an offer to buy any of Senior Secured Notes or any other security of the Company, nor shall there be any sale of the Senior Secured Notes in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,827.75 +12.81 0.07%
S&P 500 2,072.83 +5.80 0.28%
NASDAQ 4,787.3170 +29.0650 0.61%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs