Athabasca Oil Corporation Announces Pricing of C$550 million of Senior Secured Second Lien Notes

Athabasca Oil Corporation Announces Pricing of C$550 million of Senior Secured 
Second Lien Notes 
CALGARY, Nov. 9, 2012 /CNW/ - Athabasca Oil Corporation (TSX: ATH) is pleased 
to announce the pricing of its previously announced offering of Senior Secured 
Second Lien Notes. Athabasca will issue $550 million Senior Secured Second 
Lien Notes at par, which will bear interest at a rate of 7.50% per annum and 
will mature on November 19, 2017. The Notes were offered in each of the 
Provinces of Canada and in the United States on a private placement basis 
through a syndicate of underwriters led by TD Securities Inc. and GMP 
Securities L.P. The completion of the offering is anticipated to occur on 
November 19, 2012, and is subject to customary closing conditions. 
As previously announced, the Company is also negotiating senior secured first 
lien revolving credit facilities with a syndicate of financial institutions. 
The revolving credit facilities are anticipated to be initially on the order 
of C$150 million. 
Athabasca intends to use the net proceeds from the private placement and the 
credit facilities for general corporate purposes, including the advancement of 
its thermal oil projects in Athabasca and the development of its light oil 
assets including in Kaybob and Saxon/Placid. The note offering and credit 
facilities are intended to provide Athabasca with additional liquidity and 
flexibility to fund and possibly expand its future capital expenditure 
This news release does not constitute an offer of any security for sale in the 
United States or in any jurisdiction in which such an offer, solicitation, or 
sale would be unlawful. The notes will not be registered under the United 
States Securities Act of 1933, as amended (the "U.S. Securities Act") or the 
securities laws of any state, and may not be offered or sold in the United 
States absent registration or an applicable exemption from registration 
requirements. The notes will be offered and sold in Canada, on a private 
placement basis pursuant to available prospectus exemptions. The notes may 
be offered in the United States only to "qualified institutional buyers" (as 
defined in Rule 144A ("Rule 144A") under the U.S. Securities Act) in reliance 
on Rule 144A under the U.S. Securities Act and outside the United States in 
reliance on Regulation S under the U.S. Securities Act. 
Athabasca is a dynamic, Canadian company focused on the development of oil 
resource plays in Alberta, Canada. The Company has accumulated an extensive, 
high quality resource base suitable for the extraction of thermal crude oil 
(bitumen) and light oil. Well financed and well endowed with high quality 
assets and talented people, Athabasca is poised to become a major Canadian oil 
producer. It aspires to produce more than 200,000 boe/d by 2020, comprised of 
a 50/50 weighting of thermal and light oil. Athabasca is traded on the TSX 
under the symbol ATH. 
Reader Advisory: 
This News Release contains forward-looking information that involves various 
risks, uncertainties and other factors. All information other than statements 
of historical fact is forward-looking information. The use of any of the words 
"anticipate," "plan," "continue," "estimate," "expect," "may," "will," 
"project," "should," "believe," "predict," "pursue" and "potential" and 
similar expressions are intended to identify forward-looking information. The 
forward-looking information is not historical fact, but rather is based on the 
Company's current plans, objectives, goals, strategies, estimates, assumptions 
and projections about the Company's industry, business and future financial 
results. This information involves known and unknown risks, uncertainties and 
other factors that may cause actual results or events to differ materially 
from those anticipated in such forward-looking information. No assurance can 
be given that these expectations will prove to be correct and such 
forward-looking information included in this News Release should not be unduly 
relied upon. This information speaks only as of the date of this News Release. 
In particular, this News Release contains forward-looking information 
including but not limited to the proposed issuance of senior secured second 
lien notes by Athabasca and the establishment of senior secured first lien 
revolving credit facilities, the timing thereof and the use of proceeds 
therefrom. Such forward-looking information is based on certain assumptions 
and analysis made by Athabasca 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 Athabasca's expectations 
and predictions is subject to market conditions and a number of known and 
unknown risks and uncertainties which could cause actual results to differ 
materially from Athabasca's expectations. Such factors may include failure to 
satisfy certain conditions in connection with the issuance of the notes or the 
credit facilities. Other factors which could materially affect such 
forward-looking information are described in the risk factors in the Company's 
most recent annual information form that is available on SEDAR at The forward-looking statements included in this News Release 
are expressly qualified by this cautionary statement. Athabasca does not 
undertake any obligation to publicly update or revise any forward-looking 
statements except as required by applicable securities laws. 
Media Heather Douglas Vice President, Communications & External Affairs (403) 
Financial Community Andre De Leebeeck Director, Partner & Investor Relations 
(403) 817-8048  Tracy Robinson Manager, Investor 
Relations (403) 532-7446   
SOURCE: Athabasca Oil Corporation 
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CO: Athabasca Oil Corporation
ST: Alberta
-0- Nov/10/2012 00:01 GMT
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