MEG Energy announces the closing of its Senior Unsecured Notes Offering
CALGARY, July 19, 2012 /CNW/ - MEG Energy Corp. ("MEG") today announced that
it has closed its previously announced senior unsecured notes offering (the
"Notes Offering"). MEG has issued US$800 million in aggregate principal amount
of 6.375% senior unsecured notes due in 2023 (the "Notes"). The Notes were
issued pursuant to an indenture dated as of July 19, 2012, by and between MEG,
MEG Energy (U.S.) Inc. and Wilmington Trust, National Association, as trustee.
The Notes have not been and will not be registered under the U.S. Securities
Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or
sold in the United States absent registration or an applicable exemption from
registration requirements. The Notes were offered only to qualified
institutional buyers in the United States under Rule 144A and outside the
United States in compliance with Regulation S under the U.S. Securities Act.
In Canada, the Notes were offered on a private placement basis in certain
provinces of Canada.
This press release does not constitute an offer to sell, or a solicitation of
an offer to buy, any security and shall not constitute an offer, solicitation
or sale in any jurisdiction in which such an offer, solicitation, or sale
would be unlawful.
MEG is focused on sustainable in situ oil sands development and production in
the southern Athabasca oil sands region of Alberta, Canada. MEG is actively
developing enhanced oil recovery projects that utilize SAGD extraction
methods. MEG's common shares are listed on the Toronto Stock Exchange under
the symbol "MEG."
Caution Regarding Forward-Looking Information
This news release may contain forward-looking information. Such
forward-looking information is based on certain assumptions and analysis made
by MEG in light of its experience and perception of current conditions and
expected future developments as well as other factors it believes are
appropriate in the circumstances. However, whether actual results, performance
or achievements will conform to MEG's expectations and predictions is subject
to a number of known and unknown risks and uncertainties which could cause
actual results to differ materially from MEG's expectations. Other factors
which could materially affect such forward-looking information are described
in the risk factors detailed in the offering documentation prepared and
delivered by MEG in connection with the Notes Offering.
Investors Helen Kelly Director, Investor Relations 403-767-6206
Media Brad Bellows Director, External Communications 403-212-8705
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CO: MEG Energy Corp.
NI: OIL NEWSTK
-0- Jul/19/2012 14:52 GMT
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