By Lisa Kerner
Charlotte, N.C., June 26 – Enerplus Corp. announced it will issue $200 million of 3.79% senior unsecured notes in a private placement with U.S. institutional investors.
The notes have a 12-year amortizing term with a 10-year average life, according to a company news release.
Enerplus expects to close the placement on Sept. 3.
Proceeds will be used to repay debt.
The notes rank equally with the company's bank credit facility and other outstanding senior notes.
Citigroup Global Markets Inc. acted as the placement agent.
The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
Enerplus is an energy company based in Calgary, Alta.
| Issuer: | Enerplus Corp.
|
| Issue: | Senior unsecured notes
|
| Amount: | $200 million
|
| Coupon: | 3.79%
|
| Maturity: | 12-year amortizing term
|
| Agent: | Citigroup Global Markets Inc.
|
| Announced: | June 26
|
| Settlement: | Sept. 3
|
| Distribution: | Private placement
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
