Published on 9/6/2012 in the Prospect News Canadian Bonds Daily and Prospect News Private Placement Daily.
New Issue: Peyto Exploration & Development places C$50 million of 4.88% notes
By Lisa Kerner
Charlotte, N.C., Sept. 6 - Peyto Exploration & Development Corp. privately placed C$50 million of 4.88% 10-year senior secured notes with Prudential Investment Management, Inc., according to a company news release.
Proceeds will be used to repay a portion of Peyto's outstanding bank debt.
Peyto is a natural gas weighted energy trust based in Calgary, Alta.
Issuer: | Peyto Exploration & Development Corp.
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Issue: | Senior secured notes
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Amount: | C$50 million
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Maturity: | Sept. 6, 2022
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Coupon: | 4.88%
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Distribution: | Private placement
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Purchaser: | Prudential Investment Management, Inc.
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