[6-K] Taseko Mines Limited Current Report (Foreign Issuer)

Rhea-AI Filing Summary

Conagra Brands (CAG) executed a dual-tranche public debt offering on 22 Jul 2025, issuing $1.0 billion of senior unsecured notes:

• $500 mm 5.000% notes maturing 1 Aug 2030
• $500 mm 5.750% notes maturing 1 Aug 2035

The notes were issued under the company’s August 2021 base indenture and a third supplemental indenture dated 22 Jul 2025. Covenants limit secured debt, sale-leaseback transactions and major mergers or asset transfers. Conagra may redeem the notes early at make-whole prices; if a Change-of-Control Triggering Event occurs, holders can require repurchase at 101% of principal plus accrued interest. Interest payments begin 1 Feb 2026.

The obligations rank pari passu with Conagra’s existing senior unsecured debt, are junior to any secured borrowings and to debt at subsidiary level. Underwriters—BofA Securities, Goldman Sachs & Co. LLC and Mizuho Securities USA—received customary fees under a 15 Jul 2025 agreement. The transaction creates a direct financial obligation reported under Item 2.03; use of proceeds was not specified.

Positive

• Secured $1 billion of long-term funding, extending debt maturities to 2030 and 2035.
• Fixed coupons limit future interest-rate exposure in a potentially rising-rate environment.
• Standard, investment-grade covenant package preserves operational flexibility while providing bondholder protections.

Negative

• Additional $1 billion leverage increases annual interest expense (~$55–60 mm) and may pressure credit metrics.
• Notes are structurally subordinated to subsidiary debt and any future secured borrowings, heightening recovery risk for holders.

Insights

Fixed-Income Analyst

TL;DR: $1 billion unsecured issuance lengthens Conagra’s maturity ladder at mid-5% coupons; covenant package is standard.

The company locked in fixed rates of 5.0% (5-yr tenor) and 5.75% (10-yr tenor), modestly above current BBB food peer averages, yet acceptable for unsecured funding. Proceeds bolster liquidity and push out maturities to 2030/2035, reducing near-term refinancing risk. Covenants are light, giving management flexibility, while a 101% change-of-control put protects investors. Ranking is pari-passu, so no collateral leakage. Overall market impact is neutral-to-slightly positive for bondholders; leverage metrics will determine rating agency response.

Equity Analyst

TL;DR: Deal adds interest expense and leverage but secures long-term capital; equity impact neutral.

An extra $1 billion of debt will lift annual interest by roughly $55–60 million, trimming EPS by a few cents unless offset by growth or cost savings. Because the notes are refinance-like, dilution risk is limited. Flexible redemption terms could allow repayment if rates fall. Without clarity on use of proceeds, leverage trajectory is uncertain; however, maintaining unsecured status avoids asset encumbrance. Investors should watch future guidance for debt-to-EBITDA targets and dividend capacity.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2025

Commission File Number: 001-31965

Taseko Mines Limited
(Translation of registrant's name into English)

12th Floor - 1040 West Georgia St., Vancouver, BC, V6E 4H1
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [   ]      Form 40-F [ X ]

SUBMITTED HEREWITH

Exhibits

Exhibit		Description
99.1		Press Release dated July 22, 2025

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		Taseko Mines Limited
		(Registrant)
Date: July 22, 2025		/s/ Stuart McDonald
		Stuart McDonald
		President

FAQ

How much debt did Conagra Brands (CAG) issue on July 22 2025?

The company issued $1.0 billion in senior unsecured notes—$500 mm due 2030 and $500 mm due 2035.

What are the interest rates and maturities of Conagra’s new senior notes?

The 2030 notes carry a 5.000% coupon and mature 1 Aug 2030; the 2035 notes carry a 5.750% coupon and mature 1 Aug 2035.

Are the new Conagra notes secured?

No. The notes are senior unsecured obligations ranking pari passu with Conagra’s other senior unsecured debt.

When do interest payments on the notes begin?

Semi-annual interest payments start on 1 Feb 2026.

What happens if Conagra experiences a change of control?

Holders can require Conagra to repurchase the notes at 101% of principal plus accrued interest.

Can Conagra redeem the notes early?

Yes. The company may redeem some or all of the notes at make-whole prices before maturity, as detailed in the prospectus supplement.

Which banks underwrote the debt offering?

BofA Securities, Goldman Sachs & Co. LLC, and Mizuho Securities USA LLC acted as joint book-running managers.