Canadian Natural Resources Ltd. - 2014-03-26

Priced $500 million of floating rate unsecured notes due March 30, 2016. Notes sold at par with a 3-month Libor rate plus 0.375%. Additionally, company priced $500 million of 3.80% unsecured notes due April 15, 2024 at 99.957% per note. These notes yielded 3.805% to maturity. Net proceeds will repay credit facilities borrowings. Merrill Lynch, Pierce, Fenner & Smith Inc., BNP Paribas Securities Corp. and J.P. Morgan Securities LLC were joint-book running managers. Barclays Capital Inc., Citigroup Global Markets Inc., BMO Capital Markets Corp., CIBC World Markets Corp., RBC Capital Markets LLC, Scotia Capital (USA) Inc., Mitsubishi UFJ Securities (USA) Inc., DNB Markets Inc., Deutsche Bank Securities Inc., Mizuho Securities USA Inc., RBS Securities Inc., SG Americas Securities LLC and SMBC Nikko Securities America Inc. were co-managers.