Whitecap Resources Inc. successfully closed a $400 million offering of senior unsecured notes due November 1, 2029. The notes were issued at par with a fixed interest rate of 4.382 percent per annum. The net proceeds from this offering are intended to repay existing indebtedness.

The offering was conducted through a syndicate of agents, including BMO Nesbitt Burns Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., ATB Securities Inc., Desjardins Securities Inc., and Merrill Lynch Canada Inc.

Osler, Hoskin & Harcourt LLP advised the syndicate of agents with a team consisting of Dan Shea, Jessica Myers, Josh Mamdani and Ana Cherniak-Kennedy (Corporate).