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TENAZ ENERGY CORP. ANNOUNCES CLOSING OF SENIOR UNSECURED NOTES OFFERING
TENAZ ENERGY CORP. ANNOUNCES CLOSING OF SENIOR UNSECURED NOTES OFFERING Canada NewsWire...
About this update from Tenaz Energy Corp
[{"type":"text","content":"\n\n\n\n\n TENAZ ENERGY CORP. ANNOUNCES CLOSING OF SENIOR UNSECURED NOTES OFFERING\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 \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n Nov. 14, 2024\n \n\n /CNW/ - Tenaz Energy Corp. (\"Tenaz\", \"our\") (TSX: TNZ) is pleased to announce  closing of its previously announced private placement offering (the \"Offering\") of\n \n $140 million\n \n aggregate principal amount of Senior Unsecured Notes due 2029 (the \"Notes\"). The Notes replace the\n \n $90 million\n \n delayed-draw term loan provided by National Bank of\n \n Canada\n \n to facilitate the acquisition of NAM Offshore B.V. (\"NOBV\"). Completion of the Offering provides significant liquidity to pursue our international M&A strategy as well as funding the closing of the NOBV acquisition. National Bank Financial Inc. served as sole bookrunner and placement agent in connection with the Offering and is acting as financial advisor to Tenaz with respect to the NOBV acquisition.\n \n\n\n\n\n\n\n\n\n\n About Tenaz Energy Corp\n \n .\n \n\n Tenaz is an energy company focused on the acquisition and sustainable development of international oil and gas assets. Tenaz has domestic operations in\n \n Canada\n \n along with offshore natural gas and midstream assets in\n \n the Netherlands\n \n . The domestic operations consist of a semi-conventional oil project in the Rex Member of the Mannville Group at Leduc-Woodbend in central\n \n Alberta\n \n .\n \n The Netherlands\n \n natural gas assets are located in the Dutch sector of the North Sea. Additional information regarding Tenaz is available on SEDAR+ and its website at\n \n www.tenazenergy.com\n \n . Tenaz's Common Shares are listed for trading on the Toronto Stock Exchange under the symbol \"TNZ\".\n \n\n\n Advisories\n \n\n\n\n\n Notes Offering\n \n\n\n\n The Notes were offered for sale to qualified buyers in\n \n Canada\n \n on a private placement basis pursuant to certain prospectus exemptions. The Notes were not offered or sold in\n \n the United States\n \n or to U.S. persons. This press release doe...