By Wendy Van Sickle
Columbus, Ohio, Oct. 17 – Peyto Exploration & Development Corp. issued C$160 million of 6.46% senior notes due October 2030, according to a news release.
Interest will be paid semiannually in arrears.
Proceeds will be used to repay Peyto’s C$100 million 3.7% notes due Oct. 24, 2023 and to repay credit facility borrowings.
The senior notes have not been 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.
Peyto is a natural gas weighted energy trust based in Calgary, Alta.
| Issuer: | Peyto Exploration & Development Corp.
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| Issue: | Senior notes
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| Amount: | C$160 million
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| Maturity: | October 2030
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| Coupon: | 6.46%
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| Settlement date: | Oct. 24
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| Distribution: | Private placement
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