By Lisa Kerner
Charlotte, N.C., Nov. 15 - Legacy Oil + Gas Inc. issued $200 million of unsecured, five-year term notes with a 7.5% coupon to CPPIB Credit Investments Inc., a wholly owned subsidiary of the CPP Investment Board.
The trust indenture makes available an additional $100 million at a future date.
Proceeds were used to reduce borrowings under Legacy's syndicated credit facility.
Legacy is a Calgary, Alta., oil and natural gas company.
| Issuer: | Legacy Oil + Gas Inc.
|
| Issue: | Term notes
|
| Amount: | $200 million
|
| Maturity: | Five years
|
| Coupon: | 7.5%
|
| Distribution: | Private placement
|
| Investor: | CPPIB Credit Investments Inc.
|
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