Le Lézard
Classified in: Oil industry, Business
Subject: STOCK/OTHER MARKET NEWS

Seven Generations prices offering of US$700 million senior unsecured notes due 2025 at 5.375%


CALGARY, ALBERTA--(Marketwired - Sept. 25, 2017) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Seven Generations Energy Ltd. (TSX:VII) has priced an offering of US$700 million aggregate principal amount of senior unsecured notes due 2025 (the "Notes") at 5.375%, offered on a private placement basis to eligible purchasers. 7G expects to close the offering on or about October 2, 2017, subject to the satisfaction of customary closing conditions.

Seven Generations Energy

Seven Generations is a low-supply-cost, high-growth Canadian energy developer generating long-life value from its liquids-rich Kakwa River Project, located about 100 kilometres south of its operations headquarters in Grande Prairie, Alberta. 7G's corporate headquarters are in Calgary and its shares trade on the TSX under the symbol VII.

Further information on Seven Generations is available on 7G's website: www.7genergy.com.

Reader Advisory
This news release is for informational purposes only. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities. The Notes have not and will not be registered under the United States Securities Act of 1933, as amended (the "US Securities Act"). The Notes may not be offered or sold, except to qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A under the US Securities Act, or to persons outside the United States in compliance with Regulation S and applicable Canadian exemptions from prospectus requirements. Any public offering of securities made in the United States would be made by means of a prospectus that would be obtainable from 7G and that would contain detailed information about 7G, its management and financial statements.

This news release contains certain forward-looking information and statements that involve various risks, uncertainties and other factors. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "should", "believe", "plans", and similar expressions are intended to identify forward-looking information or statements. In particular, but without limiting the foregoing, this news release contains forward-looking information and statements pertaining to the anticipated closing date of the offering.

Readers are cautioned against unduly relying on forward-looking statements which, by their nature, involve numerous assumptions, risks and uncertainties that may cause such statements not to occur, or results to differ materially from those expressed or implied. Risks and uncertainties that may affect these business outcomes include: risks related to the successful consummation of the tender offer that has been initiated; the risk of a downgrade in 7G's credit ratings and the potential impact on 7G's access to capital markets and other sources of liquidity; fluctuations in currency and interest rates; changes in or interpretation of laws or regulations; and other risks and uncertainties impacting 7G's business as are described in the 7G's Annual Information Form for the year ended December 31, 2016, dated March 7, 2017, which is available on SEDAR at www.sedar.com.

The forward-looking statements contained in this news release speak only as of the date hereof, and 7G does not assume any obligation to publicly update or revise them to reflect new events or circumstances, except as may be required pursuant to applicable laws.

Seven Generations Energy Ltd. is referred to herein as "Seven Generations", "Seven Generations Energy" and "7G".


These press releases may also interest you

at 06:30
Loop Energy™ Inc. ("Loop" or the "Company") today reported the merger transaction provided for in the Amalgamation Agreement between Loop, H2 Portable Power Corp. and 1465123 B.C. Ltd. dated February 9th, 2024 cannot be...

19 avr 2024
On April 19, 2024, the board of directors of Portland General Electric Company declared a quarterly common stock dividend of $0.50 per share, representing an increase of 5.3%, or $0.10 per share, on an annualized basis. The company's dividend is...

19 avr 2024
Noble Corporation plc ("Noble" or the "Company") today announces plans to report financial results for the first quarter 2024 on Monday May 6, 2024 after the U.S. market close. The Company's earnings press release and accompanying earnings...

19 avr 2024
In a historic first, California oil regulators approved zero new drilling permits in the first quarter of 2024, effectively halting new drilling permit approvals at 5,947 since Governor Newsom came to office in 2019, according to Consumer Watchdog...

19 avr 2024
The Arbor Day Foundation has recognized Duke Energy Florida for its tree care practices by...

19 avr 2024
NATSO, representing truck stops and travel plazas, and SIGMA: America's Leading Fuel Marketers, commended the Biden Administration for permitting summertime sales of gasoline containing 15 percent ethanol (E15) to ensure optimal fuel availability for...



News published on and distributed by: