CALGARY, ALBERTA–(Marketwired – Oct. 2, 2017) – Seven Generations Energy Ltd. (TSX:VII) has completed its previously announced offering of US$700 million aggregate principal amount of 5.375% senior unsecured notes due 2025, which were offered, on a private placement basis, to eligible purchasers (the “Offering”). Seven Generations intends to use the net proceeds of the Offering, together with its cash balances, to repurchase its outstanding US$700 million aggregate principal amount 8.250% senior unsecured notes due 2020 which were tendered pursuant to its previously announced tender offer that expired on September 29, 2017, to redeem the remaining 8.250% senior unsecured notes on October 25, 2017 and to pay fees and expenses associated with the tender offer and redemption.
Seven Generations Energy
Seven Generations is a low-supply-cost, high-growth Canadian energy developer generating long-life value from its liquids-rich Kakwa River Project, located about 100 kilometres south of its operations headquarters in Grande Prairie, Alberta. 7G’s corporate headquarters are in Calgary and its shares trade on the TSX under the symbol VII.
