Taseko Mines sets roadshow for $250 million five-year secured notes

By Paul A. Harris

Portland, Ore., May 30 – Taseko Mines Ltd. plans to start a roadshow on Wednesday for a $250 million offering of five-year senior secured notes, according to a syndicate source.

An investor call is set to take place on Thursday.

Jefferies LLC is the bookrunner for the Rule 144A and Regulation S for life offering. Cantor Fitzgerald and TD Securities are the co-managers.

The notes come with two years of call protection.

The Vancouver, B.C.-based mining company plans to use the proceeds, together with cash on hand, to redeem its 7¾% senior notes due 2019 and to prepay its secured loan facility.

Taseko has a 75% joint venture interest in its principal operating asset, the Gibraltar open pit copper mine located in British Columbia.

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