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Pacific Rubiales Announces Closing of U.S. $1 Billion 5.125% Senior Unsecured Note Offering

Pacific Rubiales Announces Closing of U.S. $1 Billion 5.125% Senior Unsecured 
Note Offering 
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION 
IN THE UNITED STATES/ 
TORONTO, March 28, 2013 /CNW/ - Pacific Rubiales Energy Corp. (TSX: PRE; 
BVC: PREC) announced today that it has successfully closed an offering of 
U.S.$1 billion in senior unsecured notes at a rate of 5.12% due 2023 (the 
"Notes"). The net proceeds from the sale of the Notes will be used by the 
Company to repay outstanding short-term indebtedness and for general corporate 
purposes. The Notes have been assigned ratings of BB+ by Fitch Ratings and 
Standard & Poor's Corporation, and Ba2 by Moody's Investors Services. The 
Notes were placed through a syndicate of underwriters, including Merrill 
Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc., 
Credit Suisse Securities (USA) LLC and Itau BBA USA Securities, Inc., as Joint 
Lead Managers and Bookrunners. The Notes were placed with Qualified 
Institutional Buyers in the United States pursuant to the registration 
exemptions provided by Rule 144A of the Securities Act of 1933, and on a 
private placement basis in certain provinces of Canada, as well as 
internationally as permitted by applicable securities laws in such 
jurisdictions. 
Ronald Pantin, the Company's Chief Executive Officer, commented: "We are 
extremely pleased with the success of this offering. The order book for the 
offering was over seven times oversubscribed and there was broad participation 
from over 330 investors in the United States, Canada, Latin America (including 
Colombia), Europe and Asia, thereby demonstrating the confidence of 
international investors in Pacific Rubiales and its business strategy." 
The Company has applied to the Luxembourg Stock Exchange to admit the Notes 
for listing on the Official List of the Luxembourg Stock Exchange and to trade 
the Notes on its Euro MTF market. The securities have not been and will not 
be registered under the United States Securities Act of 1933, as amended, or 
any state securities laws, and may not be offered or sold in the United States 
or to, or for the account or benefit of, U.S. persons absent registration or 
an applicable exemption from registration requirements. This news release 
does not constitute an offer to sell or a solicitation of an offer to sell any 
of the securities. In Canada, the Notes were only offered to accredited 
investors (as defined under applicable securities laws). None of the Notes 
were offered to undetermined Colombian residents or to more than 100 
determined Colombian residents. 
In connection with the offering of the Notes, the Company obtained approval 
from Peru's Banking, Insurance and Pension Funds Superintendentfor 
registration of the Notes in Peru. With this registration, the Notes are 
eligible to be purchased by Peru's pension funds. 
Pacific Rubiales, a Canadian company and producer of natural gas and crude 
oil, owns 100% of Meta Petroleum Corp., which operates the Rubiales, Piriri 
and Quifa heavy oil fields in the Llanos Basin, and 100% of Pacific Stratus 
Energy Colombia Corp., which operates the La Creciente natural gas field in 
the northwestern area of Colombia. Pacific Rubiales has also acquired 100% 
of PetroMagdalena Energy Corp., which owns light oil assets in Colombia, and 
100% of C&C Energia Ltd., which owns light oil assets in the Llanos Basin. 
In addition, the Company has a diversified portfolio of assets beyond 
Colombia, which includes producing and exploration assets in Peru, Guatemala, 
Brazil, Guyana and Papua New Guinea. 
The Company's common shares trade on the Toronto Stock Exchange and La Bolsa 
de Valores de Colombia and as Brazilian Depositary Receipts on Brazil's Bolsa 
de Valores Mercadorias e Futuros under the ticker symbols PRE, PREC, and PREB, 
respectively. 
Advisories 
Cautionary Note Concerning Forward-Looking Statements 
This press release contains forward-looking statements. All statements, other 
than statements of historical fact, that address activities, events or 
developments that the Company believes, expects or anticipates will or may 
occur in the future (including, without limitation, statements regarding 
estimates and/or assumptions in respect of production, revenue, cash flow and 
costs, reserve and resource estimates, potential resources and reserves and 
the Company's exploration and development plans and objectives) are 
forward-looking statements. These forward-looking statements reflect the 
current expectations or beliefs of the Company based on information currently 
available to the Company. Forward-looking statements are subject to a number 
of risks and uncertainties that may cause the actual results of the Company to 
differ materially from those discussed in the forward-looking statements, and 
even if such actual results are realized or substantially realized, there can 
be no assurance that they will have the expected consequences to, or effects 
on, the Company. Factors that could cause actual results or events to differ 
materially from current expectations include, among other things: uncertainty 
of estimates of capital and operating costs, production estimates and 
estimated economic return; the possibility that actual circumstances will 
differ from the estimates and assumptions; failure to establish estimated 
resources or reserves; fluctuations in petroleum prices and currency exchange 
rates; inflation; changes in equity markets; political developments in 
Colombia, Peru, Guatemala, Brazil, Papua New Guinea or Guyana; changes to 
regulations affecting the Company's activities; uncertainties relating to the 
availability and costs of financing needed in the future; the uncertainties 
involved in interpreting drilling results and other geological data; and the 
other risks disclosed under the heading "Risk Factors" and elsewhere in the 
Company's annual information form dated March 13, 2013 filed on SEDAR at 
www.sedar.com. Any forward-looking statement speaks only as of the date on 
which it is made and, except as may be required by applicable securities laws, 
the company disclaims any intent or obligation to update any forward-looking 
statement, whether as a result of new information, future events or results or 
otherwise. Although the Company believes that the assumptions inherent in the 
forward-looking statements are reasonable, forward-looking statements are not 
guarantees of future performance and accordingly undue reliance should not be 
put on such statements due to the inherent uncertainty therein. 
In addition, reported production levels may not be reflective of sustainable 
production rates and future production rates may differ materially from the 
production rates reflected in this press release due to, among other factors, 
difficulties or interruptions encountered during the production of 
hydrocarbons. 
Translation 
This news release was prepared in the English language and subsequently 
translated into Spanish and Portuguese. In the case of any differences between 
the English version and its translated counterparts, the English document 
should be treated as the governing version. 
Christopher (Chris) LeGallais Sr. Vice President, Investor Relations +1 (647) 
295-3700 
Roberto Puente Sr. Manager, Investor Relations +57 (1) 511-2298 
Javier Rodriguez Manager, Investor Relations +57 (1) 511-2319 
SOURCE: Pacific Rubiales Energy Corp. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/March2013/28/c9136.html 
CO: Pacific Rubiales Energy Corp.
ST: Ontario
NI: OIL NEWSTK  
-0- Mar/28/2013 16:01 GMT
 
 
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