Thompson Creek offering $350M in notes

Nov 13, 2012 | 04:54 PM | Thorsten Schier

Tags  Thompson Creek, molybdenum, revolving credit facility, Mount Milligan, copper gold, Thorsten Schier

NEW YORK — Thompson Creek Metals Co. Inc. will terminate its existing $300-million revolving credit facility when it closes its offering of $350 million in senior secured first-priority notes due 2018—a move the miner said is intended to increase its financial flexibility.

"Kevin (Loughrey, chairman and chief executive officer) has stated on several occasions, including the last conference call, that we would continue to look at financing options that would provide greater flexibility than the revolver," a spokeswoman told AMM in an e-mail Tuesday.....

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