By Lisa Kerner
Charlotte, N.C., July 3 – Peyto Exploration & Development Corp. issued C$50 million of 3.79% senior notes to New York Life Insurance and Annuity Corp. and New York Life Insurance Co.
The notes mature in July 2022 and will rank equally with Peyto’s obligations under its bank facility and existing note purchase agreements, according to a company news release.
Proceeds will be used to repay debt.
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.
Peyto is a natural gas weighted energy trust based in Calgary, Alta.
| Issuer: | Peyto Exploration & Development Corp.
|
| Issue: | Senior notes
|
| Amount: | C$50 million
|
| Coupon: | 3.79%
|
| Maturity: | July 2022
|
| Distribution: | Private placement
|
| Purchasers: | New York Life Insurance and Annuity Corp. and New York Life Insurance Co.
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
