logo
Share SHARE
FONT-SIZE Plus   Neg

Enerplus Prices Proposed Offering Of $405 Mln Of Senior Unsecured Notes

Enerplus Corp. (ERF,ERF.TO) announced that it has priced a proposed offering of senior unsecured notes to be issued on a private placement basis in the United States and Canada with an aggregate principal amount of approximately US$405 million.

The company said that the notes to be issued pursuant to the Private Placement are scheduled to be issued in three separate tranches.

The Private Placement will be US$355 million at 4.40% with a 12 year amortizing term with principal payments required in five equal annual instalments beginning in 2020; US$20 million at 4.40% with a 10 year bullet term;C$30 million at 4.34% with a 7 year bullet term.

The company said the notes issued pursuant to the Private Placement will be unsecured and rank equally with our bank credit facility and other outstanding senior notes. The Private Placement is expected to close on or about May 15 , 2012.

The company noted that it intend to use the proceeds of the Private Placement to repay advances on its bank credit facility.

Citigroup Global Markets Inc. acted as the exclusive placement agent in connection with the proposed Private Placement.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Apple Inc. has confirmed that the iPhone 6s battery issue may be larger than thought, as the tech giant said that some customers "outside the affected range of devices" have also reported unexpected shutdowns. The company again stressed that it is not a security issue. Tesla Motors Inc. voluntarily recalled more than 7000 charging adapters. The company said these adapters of Nema 14-30, 10-30 and 6-50 are sold separately as accessories. Earlier in November, two customers had complained about overheating issue of Nema 14-30 charging adapters. Tesla confirmed in its recall communication that there were no other similar incidents or reports of injuries or proper Sony announced Project Field, a new play way to bring card games to life, along with a host of smartphone games at an event in Japan, aiming to accelerate mobile drive. Project Field is a Japan-only card collection platform where actual physical cards will work with a smartphone app. The first title to be announced is based on Yo-kai Watch for mobile. There is no news about an international releas
comments powered by Disqus
Follow RTT