Teck Cominco Completes US$650M Financing

On February 16, 2005, Teck Cominco Ltd. replaced one of its existing credit facilities with a new US$650 million senior revolving credit facility with a group of syndicated lenders represented by JPMorgan Chase Bank, NA, Toronto Branch, as administrative agent, BMO Nesbitt Burns, as syndication agent, and by CIBC, Citibank NA, Canadian Branch, and Royal Bank of Canada as co-documentation agents.

Teck Cominco was represented by a team from Lang Michener LLP composed of Robert Cranston in Toronto and John Morrison in Vancouver. The lenders were represented by a team from Blake, Cassels & Graydon LLP composed of Michael Harquail and Stephanie Simmons.