Teck Cominco announced that it has entered into a commitment letter to amend its existing $4B senior term loan facility and $5.81B senior bridge loan facility. The lenders have agreed, on the conditions set out in the commitment letter, among other things, to: defer $4.4B of payments previously scheduled in 2009, extend the maturity date of $3.5B of the Bridge Facility from October 29, 2009 to October 30, 2011, and reschedule approximately $3.3B of amortization payments under the Term Facility, with 50% of that rescheduled amount payable in quarterly installments during 2012