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Canadian Natural Resources grosses C$999.9 million from debt offering

Canadian Natural Resources Ltd. raised gross proceeds of C$999.9 million from an offering of 3.31% senior unsubordinated unsecured notes due Feb. 11, 2022.

The company plans to use the proceeds for general corporate purposes or working capital and redemption or repayment of debt securities.

BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc. were the lead underwriters.

AltaCorp Capital Inc., CIBC World Markets Inc., Desjardins Securities Inc., Merrill Lynch Canada Inc., Scotia Capital Inc. and TD Securities Inc. also served as underwriters for the offering.