Debt | Capital Markets
Paramount Resources Makes C$300 Senior Note Offering
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Paramount Resources Ltd. has agreed to sell C$300 million aggregate principal amount of 7.625% senior unsecured notes due 2019 at par to a syndicate of underwriters for public offering in Canada.
The Offering is expected to close on or about December 4, 2012. Net proceeds from the Offering will be used for the non-permanent repayment of indebtedness under Paramount's credit facility, for capital expenditures, including with respect to the previously announced construction and expansion of Paramount's Kaybob deep cut natural gas processing facilities and the drilling of additional wells, and for general corporate purposes.
The underwriting syndicate for the Offering is led by RBC Dominion Securities Inc., Scotia Capital Inc. and BMO Nesbitt Burns Inc. and also includes AltaCorp Capital…
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