NEW YORK Thompson Creek
Metals Co. Inc. has closed its $350-million offering of
9.75-percent senior secured first-priority notes due 2017, and
has terminated its $300-million revolving credit facility.
The Denver-based molybdenum
producer will use the proceeds from the offering for general
corporate purposes, including capital expenditures relating to
the development of its Mount Milligan copper-gold mine in
Analysts said the replacement of
the revolving credit facility will give the company greater
financial flexibility in light of its recent weak financial
amm.com, Nov. 13).