By Cristal Cody
Tupelo, Miss., April 24 – Harvest Operations Corp. (Aa2/AA) priced $397.5 million of 4.2% five-year senior notes on Tuesday on top of guidance at a spread of Treasuries plus 140 basis points, according to a market source.
BofA Merrill Lynch and SMBC Nikko Securities America, Inc. were the arrangers.
The company held fixed income investor calls on Thursday and Friday.
Harvest Operations is a Canadian oil and natural gas company based in Calgary, Alta.
| Issuer: | Harvest Operations Corp.
|
| Amount: | $397.5 million
|
| Description: | Senior notes
|
| Maturity: | June 1, 2023
|
| Bookrunners: | BofA Merrill Lynch and SMBC Nikko Securities America, Inc.
|
| Coupon: | 4.2%
|
| Spread: | Treasuries plus 140 bps
|
| Trade date: | April 24
|
| Ratings: | Moody’s: Aa2
|
| S&P: AA
|
| Price talk: | Treasuries plus 140 bps
|
| Marketing: | Fixed income investor calls
|
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