International Petroleum Corp.

Description

Completed a private placement of senior unsecured bonds with a tenor of five years, a fixed coupon rate of 7.25% per annum and interest payable in semi-annual installments. Proceeds will be used to repay existing indebtedness under bank credit facilities and for general corporate purposes. Arctic Securities and Pareto Securities were joint lead managers. SpareBank 1 Markets was co-manager.

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Estimated Price
$300.0MM
Financing Type
Report Date