Taseko Mines talks $325 million of five-year notes to yield 7%-7¼%; pricing Wednesday

By Paul A. Harris

Portland, Ore., Jan. 26 – Taseko Mines Ltd. talked its $325 million offering of five-year senior secured notes to yield 7% to 7¼%, according to market sources.

Official talk comes tighter than early guidance in the mid-to-high 7% area.

Books close at 10 a.m. ET on Wednesday.

Joint bookrunner Barclays will bill and deliver. Jefferies, National Bank of Canada, BMO and TD are also joint bookrunners.

The Rule 144A and Regulation S for life notes come with two years of call protection.

The Vancouver, B.C.-based mineral and metals exploration and production company plans to use the proceeds to redeem its existing senior secured notes due 2022, for capital expenditures at the Florence Copper Project and the Gibraltar mine, for working capital and for general corporate purposes.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.