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.
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