Source: Capital 10X
  • 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.

More From The Market Online
The Market Online Video

Prospera Energy plots success with proven reserves, M&A plans

Prospera Energy (TSXV:PEI) CEO Samuel David discusses the company's latest news and the forecast for 2024 in an exclusive interview.

Parkland pays City of Burnaby $31K for emergency response

Parkland Corp. (TSX:PKI) cut a cheque to the City of Burnaby, B.C., to cover costs after an incident at its plant earlier this year.

Buzz on the Bullboards: Bombardier, Baytex and Tilray turn heads

Stockhouse Bullboards users have been tracking a trajectory among Bombardier, Baytex and Tilray that they hope will share comparable results.