By Lisa Kerner
Charlotte, N.C., Nov. 15 - Legacy Oil + Gas Inc. issued $200 million of unsecured, five-year term notes with a 7.5% coupon to CPPIB Credit Investments Inc., a wholly owned subsidiary of the CPP Investment Board.
The trust indenture makes available an additional $100 million at a future date.
Proceeds were used to reduce borrowings under Legacy's syndicated credit facility.
Legacy is a Calgary, Alta., oil and natural gas company.
Issuer: | Legacy Oil + Gas Inc.
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Issue: | Term notes
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Amount: | $200 million
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Maturity: | Five years
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Coupon: | 7.5%
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Distribution: | Private placement
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Investor: | CPPIB Credit Investments Inc.
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