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Enerplus Closes $465MM Acquisition of Bakken-Focused Bruin
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Enerplus Corp. has closed its previously announced acquisition of Williston-focused Bruin E&P HoldCo LLC for $465 million.
The purchase price was funded by Enerplus fully drawing its new three-year US$400 million term facility, along with a portion of the proceeds from Enerplus' C$132 million equity offering completed on February 3, 2021.
The Company remains undrawn on its US$600 million bank credit facility.
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