Source: Capital 10X
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  • NuVista Energy has completed its private placement of senior unsecured notes due July 23, 2026
  • The notes were offered through a syndicate of underwriters led by CIBC Capital Markets and RBC Capital Markets
  • Net proceeds will be used to redeem its $220 million aggregate principal amount of 6.5 per cent senior unsecured notes
  • NuVista Energy engages in the exploration, development, and production of oil and natural gas
  • NuVista Energy Ltd. (NVA) is down 2.71 per cent, trading at C$3.59 per share

NuVista Energy (NVA) has completed its private placement of $230 million principal amount of 7.875 per cent senior unsecured notes due July 23, 2026.

The notes were offered through a syndicate of underwriters led by CIBC Capital Markets and RBC Capital Markets, as joint book runners, Scotiabank, as co-lead manager, and ATB Capital Markets, BMO Capital Markets and Peters & Co., as co-managers.

Net proceeds will be used to redeem its $220 million aggregate principal amount of 6.5 per cent senior unsecured notes due March 2, 2023.

NuVista Energy engages in the exploration, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin. Products sold include natural gas, condensate & oil, butane, propane, and ethane, with condensate composing nearly half of all sales.

NuVista Energy Ltd. (NVA) is down 2.71 per cent, trading at C$3.59 per share.

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