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Taseko announces offering of US$500M of senior secured notes due 2030

Date Closed

April 23, 2024

Lead Office

Vancouver

Value

500.00 Million USD

On April 8, 2024, Taseko Mines Limited ("Taseko") announced that it has commenced an offering of US$500 million of Senior Secured Notes due 2030 (the "Notes"). The aggregate principal amount, interest rate and other terms of the Notes will be determined at pricing and are dependent upon market conditions and other factors. Taseko intends to use the net proceeds from this offering, together with cash on hand, to redeem its outstanding 7.00% Senior Secured Notes due 2026, to make capital expenditures, including at its Florence Copper project and Gibraltar mine, as working capital and for general corporate purposes and to pay fees and expenses in connection with this offering.

Taseko, based in Vancouver, Canada, is a mining company focused on operation and development of mines in North America.

McCarthy Tétrault is assisting Taseko with a team led by Christopher Langdon and Patrick Deutscher and included Genevieve Loxley (Financial Services); Alexandra Comber and Sharan Sandal (Corporate); Robin Mahood, Rebecca Ferguson and Trena Graff (Securities); and Jeremy Ho, Michel Ranger and Dean Xiao (Tax).

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