MEG Energy announces the closing of its Senior Unsecured Notes Offering
CALGARY, Oct. 1, 2013 /CNW/ - MEG Energy Corp. 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
7.0% senior unsecured notes due in 2024 (the "Notes"). The Notes were issued
pursuant to an indenture dated as of October 1, 2013, 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.
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.
MEG Energy Corp. 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."
SOURCE MEG Energy Corp.
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- Oct/01/2013 14:47 GMT
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