Encana Corp. - 2015-03-16

Completed bought deal offer of about 85.6 million common shares priced at C$14.60 each. Syndicate of underwriters granted monthlong overallotment option to purchase about 12.8 million additional shares. Proceeds redeemed US$700 million in long-term debt that matures in 2017 and C$750 million in long-term debt that matures in 2018. About US$165 million in early interest needs to be paid for the redemptions. Underwriters were led by RBC Capital Markets, Credit Suisse and Scotiabank.