Transaction|April 30, 2015
Seven Generations Energy completes US$425 million offering of 6.75% senior notes
Torys acted as counsel to the initial purchasers with a team that included Kevin Fougere, Janan Paskaran and Mike Pedlow.
On April 30, 2015, Seven Generations Energy Ltd. (7G) completed a private placement to eligible purchasers of US$425 million aggregate principal amount of senior notes, bearing an interest rate of 6.750% and maturing on May 1, 2023.
7G intends to use the net proceeds of the offering for continued development of the Kakwa River Project and for general corporate purposes.
7G is an Alberta-based company engaged in the development of the Kakwa River Project, located approximately 100 km south of Grande Prairie, Alberta.
Further information can be found on Canada Newswire's website.