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Enerplus Announces $200 Million Private Placement of Senior Notes

 Enerplus Announces $200 Million Private Placement of Senior Notes  CALGARY, June 26, 2014 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF)  (NYSE: ERF) is pleased to announce that it has entered into agreements for an  offering of senior unsecured notes (the "Notes") to be issued on a private  placement basis to institutional investors in the United States (the "Private  Placement") in an aggregate principal amount of US$200 million.  The Notes have a 12 year amortizing term with a ten year average life and a  fixed-rate coupon of 3.79%.  The Notes are unsecured and rank equally with the  Company's bank credit facility and other outstanding senior notes. Subject to  the satisfactory completion of customary closing conditions, the Private  Placement is expected to close on September 3, 2014. Enerplus intends to use  the proceeds to repay outstanding bank debt, replacing short-term, floating  interest rate debt with long-term debt at an attractive fixed interest rate.  The Notes to be issued pursuant to the Private Placement have not been and  will not be registered under the United States Securities Act of 1933, as  amended (the "Securities Act") and may not be offered or sold in the United  States absent registration or an applicable exemption from the registration  requirements of the Securities Act.  Citigroup Global Markets Inc. acted as the exclusive placement agent in  connection with the Private Placement.  Except for the historical and present factual information contained herein,  the matters set forth in this news release, including words such as "expects",  "projects", "plans" and similar expressions, are forward-looking information  that represents management of Enerplus' internal projections, expectations or  beliefs concerning, among other things, the proposed closing of the offering  of senior unsecured notes and repayment of bank indebtedness with the proceeds  thereof. The projections, estimates and beliefs contained in such  forward-looking statements necessarily involve known and unknown risks and  uncertainties, which may cause Enerplus' actual performance and financial  results in future periods to differ materially from any projections of future  performance or results expressed or implied by such forward-looking  statements. These risks and uncertainties include the risk that such offering  may not close on the terms or the timeframe indicated, or at all.   Accordingly, holders of Enerplus shares and potential investors are cautioned  that events or circumstances could cause results to differ materially from  those predicted.  Ian C. Dundas President  & Chief Executive Officer Enerplus Corporation    SOURCE  Enerplus Corporation  For further information, including financial and operating results and  our  most recent corporate presentation, please visit our website, or phone 1-800-319-6462.  To view this news release in HTML formatting, please use the following URL:  CO: Enerplus Corporation ST: Alberta NI: OIL FIN PVT  
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