Enerplus Corp.

Description

Closed equity offering previously announced on Jan. 25 of about 33.1 million common shares issued at CA$4 per share, which includes about 4.3 million shares issued pursuant to the exercise by the underwriters of the over-allotment option in full. Proceeds will be used together with a new three-year term loan to finance the proposed acquisition of Bruin E&P HoldCo LLC and to fund capex on the acquired properties and other expenses in connection with the acquisition. If the acquisition is not completed, proceeds will be used to partially fund Capex, repayment of near-term maturities on senior notes and other general corporate purposes. RBC Capital Markets and BMO Capital Markets let the syndicate of underwriters.

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Companies
Estimated Price
CA$132.3MM
Financing Type
Report Date