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ARC Resources Funding Capex for 2015
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ARC Resources Ltd. has announced that it has closed the previously announced bought deal financing.
A total of 15.53 million common shares have been issued at a price of $22.55 per share for gross proceeds of approximately $350 million. The issue was made through a syndicate of underwriters led by RBC Capital Markets and including Scotia Capital Inc., BMO Capital Markets, CIBC World Markets Inc., TD Securities Inc., National Bank Financial Inc., AltaCorp Capital Inc., Barclays Capital Canada Inc., FirstEnergy Capital Corp., Macquarie Capital Markets Canada Ltd. and Peters & Co. Limited.
The Underwriters have an over-allotment option exercisable in whole or in part, at any one time, until January 30, 2015, to purchase up to 2.3295 million common shares on the same terms as the common…
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