By Lisa Kerner
Charlotte, N.C., Dec. 5 - Peyto Exploration & Development Corp. privately placed C$100 million of 4.5% seven-year senior unsecured notes.
Proceeds will be used to repay a portion of Peyto's outstanding bank debt, according to a company news release.
Interest will be paid semiannually.
Mitsubishi UFJ Securities (USA) Inc. and BMO Capital Markets Corp. acted as joint placement agents.
Peyto is a natural gas weighted energy trust based in Calgary, Alta.
| Issuer: | Peyto Exploration & Development Corp.
|
| Issue: | Senior unsecured notes
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| Amount: | C$120 million
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| Coupon: | 4.5%
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| Maturity: | Dec. 4, 2020
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| Distribution: | Private placement
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| Placement Agents: | Mitsubishi UFJ Securities (USA) Inc. and BMO Capital Markets Corp.
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