Vermilion Energy sets roadshow for C$200 million five-year notes

By Cristal Cody

Prospect News, Jan. 27 - Vermilion Energy Inc. is scheduled to start a roadshow for a C$200 million offering of five-year senior notes (DBRS: BB), informed sources said Thursday.

The roadshow for the notes due Feb. 11, 2016 starts Monday in Vancouver, B.C., and continues through Feb. 3 in Montreal.

Scotia Capital Inc. and CIBC World Markets Inc. are the lead managers. Co-managers are TD Securities Inc., BMO Capital Markets Corp., RBC Capital Markets Corp., National Bank Financial Inc., Macquarie Capital Markets Canada Ltd., FirstEnergy Capital Corp., Citigroup Global Markets Inc., Dundee Securities Corp. and BNP Paribas (Canada).

The notes have a Canada call at 100 basis points plus the Canadian benchmark. The deal has a change-of-control put at 101%.

The proceeds will be used for repayment of existing debt and for general corporate purposes.

Vermilion Energy is a Calgary, Alta.-based oil and gas producer.

© 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.