Group of investors, headed by CIBC World Markets and RBC Capital Markets, partake in a privately financed placement of $300 million in unsecured senior debentures bearing an interest rate of 3.761% maturing in 2028, initiated by Whitecap Resources Inc.
Whitecap Resources Announces Private Placement of Unsecured Senior Notes
Whitecap Resources Inc., a Canadian oil and gas company, has announced a private placement of unsecured senior notes. The details of the placement, including the number of notes being offered and the syndicate of placement agents, are yet to be disclosed.
The notes will carry an interest rate of 3.761% and will mature in 2028. The private placement is being represented by a syndicate of placement agents, including CIBC World Markets Inc. and RBC Dominion Securities Inc.
CIBC World Markets Inc. and RBC Dominion Securities Inc. are leading the structuring and advising on these notes. The team from Hoskin & Harcourt S.E.N.C.R.L./s.r.l., which includes Dan Shea, Jessica Myers, Vivek Warrier, Joshua Mamdani, and Ana Cherniak-Kennedy, provided corporate law advice to the syndicate of placement agents.
The specific individual members of the advising team from CIBC World Markets Inc. and RBC Dominion Securities Inc. are not publicly disclosed in the available search results.
Whitecap Resources Inc. will be the issuer of the unsecured senior notes. The notes are unsecured, meaning they do not have any specific assets pledged as collateral.
The private placement is not yet complete, and further details are expected to be released in due course. This move is part of Whitecap Resources' ongoing strategy to strengthen its financial position and support its operations.
Whitecap Resources Inc. is issuing unsecured senior notes as part of its financial position strengthening strategy. The notes, maturing in 2028 with an interest rate of 3.761%, are unsecured and do not have any specific assets pledged as collateral.
