Business
ARC Resources Ltd. Announces the Closing of Its Offering of Senior Unsecured Notes
ARC Resources Ltd. Announces the Closing of Its Offering of Senior Unsecured Notes ...
About this update from Arc Resources Ltd.
[{"type":"text","content":"\n \n \n \n ARC Resources Ltd. Announces the Closing of Its Offering of Senior Unsecured Notes\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n CALGARY, AB\n \n ,\n \n March 10, 2021\n \n /CNW/ - (ARX - TSX) ARC Resources Ltd. (\"ARC\" or the \"Company\") announced today it has successfully closed its previously announced offering of\n \n Cdn$1.0 billion\n \n aggregate principal amount of senior unsecured notes (the \"Offering\"), consisting of\n \n Cdn$450 million\n \n aggregate principal amount of 2.354% Senior Unsecured Notes, Series 1 due 2026 (the \"Series 1 Notes\") and\n \n Cdn$550 million\n \n aggregate principal amount of 3.465% Senior Unsecured Notes, Series 2 due 2031 (the \"Series 2 Notes\", together with the Series 1 Notes, the \"Notes\").  DBRS Morningstar has assigned a provisional rating of BBB with a stable trend to the Notes assuming the successful completion of the business combination with Seven Generations Ltd. announced on\n \n February 10, 2021\n \n .\n \n \n \n \n \n \n \n \n \n The Notes were offered through a syndicate of agents co-led by RBC Capital Markets and CIBC Capital Markets.\n \n \n The Notes were not and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\"), and were not offered or sold in\n \n the United States\n \n . The Notes were offered only to persons outside\n \n the United States\n \n in compliance with Regulation S under the U.S. Securities Act. In\n \n Canada\n \n , the Notes were offered and sold on a private placement basis to \"accredited investors\" in certain provinces of\n \n Canada\n \n . This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any security and shall not constitute an offer, solicitation, or sale in\n \n the United States\n \n or any jurisdiction in which such an offer, solicitation, or sale...