Bonavista Energy Corporation (BNP.TO) has closed private placements of long-term debt of guaranteed senior unsecured notes to a group of institutional investors.
The notes issued pursuant to the private placements are ranked equally with Bonavista's obligations under its bank facility. In total, approximately $225 million was raised through four separate series of notes under various terms and rates.
Proceeds from the offering were used to repay a portion of Bonavista's outstanding bank debt.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
