• Sign up for the Daily Digest E-mail
  • Facebook
  • Twitter
  • LinkedIn

BOE Report

Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

Bonavista Energy Corporation Announces Closing of Private Placements of Senior Notes

May 24, 201311:35 AM Marketwired

BonavistaCALGARY, ALBERTA–(Marketwired – May 24, 2013) – Bonavista Energy Corporation (“Bonavista”) (TSX:BNP) is pleased to announce that it has closed private placements of long-term debt of guaranteed senior unsecured notes to a group of institutional investors. The notes issued pursuant to the private placements are ranked equally with Bonavista’s obligations under its bank facility. In total, approximately $225 million (US $205 million and CDN $20 million) was raised through four separate series of notes under various terms and rates as described in the table below:

Principal Amount Term Coupon Rate
CDN $20.0 million 10 year term, due May 23, 2023 4.09%
US $85.0 million 10 year term, due May 23, 2023 3.68%
US $100.0 million 12 year term, due April 25, 2025 3.80%
US $20.0 million 12 year term, due May 23, 2025 3.78%

The notes have a blended coupon rate of 3.78% and a weighted average term of 11.1 years. Proceeds from the offering were used to repay a portion of Bonavista’s outstanding bank debt.

In connection with the offering of $125 million of the senior notes, Citigroup Global Markets Inc. acted as lead placement agent and sole bookrunner on the offering.

The senior notes have not 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 registration requirements.

Please visit our website at www.bonavistaenergy.com for detailed corporate information.

Contact

Jason E. Skehar
President & CEO
(403) 213-4300

Glenn A. Hamilton
Senior Vice President & CFO
(403) 213-4300

Dean Kobelka
Vice President, Finance
(403) 213-4300

Bonavista Energy Corporation
1500, 525 – 8th Avenue SW
Calgary, AB T2P 1G1
www.bonavistaenergy.com

Bonavista Energy

Follow the BOE Report
  • Facebook
  • Twitter
  • LinkedIn
Sign up for the BOE Report Daily Digest E-mail
Latest Headlines
  • Canada’s weekly rig count drops 8 to 177
  • PSAC statement on Alberta Budget 2021
  • U.S. drillers add rigs for 7th month in a row, pace slows
  • Crude-by-rail exports are rebounding after a drastic drop in 2020 due to COVID and other factors
  • TC Energy and TC PipeLines, LP announce unitholder approval and effective date of merger

Return to Home
Alberta Gas
CAD/GJ
Market Data by TradingView





    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    Resources
    • App
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contribute
    • Contact
    • Report Error
    Featured In
    • CamTrader
    • Rigger Talk
    Data Partner
    • Foxterra
    BOE Network
    © 2021 Grobes Media Inc.