Peyto Exploration & Development Corp. Announces Issuance of Senior Notes

Peyto Exploration & Development Corp. Announces Issuance of Senior Notes 
NEWS RELEASE TRANSMITTED BY Marketwired 
FOR: Peyto Exploration & Development Corp. 
TSX SYMBOL:  PEY 
JULY 3, 2014 
Peyto Exploration & Development Corp. Announces Issuance of Senior Notes 
CALGARY, ALBERTA--(Marketwired - July 3, 2014) -  
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
U.S. 
Peyto Exploration & Development Corp. ("Peyto") (TSX:PEY) is
pleased to announce that it has closed the issuance of an aggregate of
CDN$50,000,000 of senior unsecured notes with New York Life Insurance and
Annuity Corporation and New York Life Insurance Company. The notes have a
coupon rate of 3.79% and mature in July 2022. The notes were issued by way of a
private placement pursuant to a note purchase agreement and will rank equally
with Peyto's obligations under its bank facility and existing note
purchase agreements. Interest will be paid semi-annually in arrears. Proceeds
from the notes will be used to repay a portion of Peyto's outstanding bank
debt. 
The issuance of the senior notes expands Peyto's aggregate borrowing
capacity to $1.32 billion.  
The senior notes have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or an applicable exemption from registration
requirements. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any offer or sale of the
senior notes in any state, or jurisdiction in which such offer, solicitation or
sale would be unlawful. 
Certain information set forth in this press release, including the closing of
the private placement and the use of proceeds therefrom, contains
forward-looking statements. By their nature, forward-looking statements are
subject to numerous risks and uncertainties, some of which are beyond
Peyto's control, including the receipt of all third party approvals,
impact of general economic conditions, industry conditions, volatility of
commodity prices, currency fluctuations, imprecision of reserve estimates,
environmental risks, competition from other industry participants, the lack of
availability of qualified personnel or management, stock market volatility and
ability to access sufficient capital from internal and external sources.
Readers are cautioned that the assumptions used in the preparation of such
information, although considered reasonable at the time of preparation, may
prove to be imprecise and, as such, undue reliance should not be placed on
forward-looking statements. Peyto's actual results, performance or
achievement could differ materially from those expressed in, or implied by,
these forward-looking statements and, accordingly, no assurance can be given
that any of the events anticipated by the forward-looking statements will
transpire or occur, or if any of them do so, what benefits that Peyto will
derive therefrom. The Toronto Stock Exchange has neither approved nor
disapproved the information contained herein. 
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FOR FURTHER INFORMATION PLEASE CONTACT: 
Peyto Exploration & Development Corp.
Darren Gee
President and Chief Executive Officer
(403) 237-8911 
INDUSTRY:  Energy and Utilities - Oil and Gas  
SUBJECT:  STK 
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-0- Jul/03/2014 20:05 GMT
 
 
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