By Lisa Kerner
Charlotte, N.C., Oct. 25 - Bonavista Energy Corp. said it sold $150 million of 4.25% 10-year guaranteed senior notes to a group of institutional investors in a private placement.
Proceeds were used to repay a portion of Bonavista's outstanding bank debt.
Citigroup Global Markets Inc. was the lead placement agent and bookrunner, and HSBC Securities (USA) Inc. and RBC Capital Markets Corp. were co-placement agents.
The notes have not been registered under the U.S. Securities Act and may not be offered or sold in the United States absent registration.
Bonavista is a mid-sized energy company based in Calgary, Alta.
| Issuer: | Bonavista Energy Trust
|
| Issue: | Senior notes
|
| Amount: | $150 million
|
| Maturity: | 10 years
|
| Coupon: | 4.25%
|
| Agents: | Citigroup Global Markets Inc. (lead), HSBC Securities (USA) Inc. and RBC Capital Markets Corp. (co-agents)
|
| Distribution: | Private placement
|
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