trending Market Intelligence /marketintelligence/en/news-insights/trending/JlDHS2O__ViYt7VmbS8RWA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

MEG Energy upsizes, prices senior notes offering

Case Study: A Utility Company Efficiently Sharpens Its Focus on the Credit Risk of New Customers

Energy Evolution Podcast

Energy Evolution Why solar energy could get even cheaper

Energy Evolution Podcast

US energy officials push innovation to meet evolving energy needs

Energy Evolution Podcast

Energy futurist sees major challenges for renewables in next 30 years

MEG Energy upsizes, prices senior notes offering

MEG Energy Corp. priced and upsized a previously announced offering of senior notes to $1.2 billion from $800 million.

The senior unsecured notes due 2027 bear an interest rate of 7.125% per year, according to a Jan. 16 release.

The company plans to use the proceeds, along with cash, to refinance its $800 million of 6.375% senior unsecured notes due January 2023 through a previously disclosed conditional redemption and to redeem $400 million of its $1 billion of 7.00% senior unsecured notes due March 2024.

The company issued a conditional notice to redeem the 7.00% senior notes due March 2024 at a redemption price of 102.333%, plus accrued and unpaid interest up to but excluding the redemption date of Feb. 18. The redemption is conditioned on the completion of the offering.

The offering is expected to close Jan. 31, subject to customary closing conditions.

MEG Energy is engaged in oil sands production in the southern Athabasca region of Alberta.