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Encana launches senior note tender offers

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Encana launches senior note tender offers

said it haslaunched offers to purchase for cash of up to C$400 million of its 5.15% seniornotes due 2041, up to C$800 million of its 6.50% senior notes due 2038, up toC$500 million of its 6.625% senior notes due 2037, and up to C$750 million ofits 6.50% senior notes due 2034.

Encanais offering to purchase an aggregate principal amount of notes that will notresult in an aggregate amount that all holders of the notes are entitled to receivein the tender offers, excluding accrued and unpaid interest that exceeds C$250million, the company said in its March 16 news release.

Thetotal consideration for each C$1,000 principal amount of notes tendered foreach of the 6.50% senior notes due 2038, the 6.625% senior notes, and the 6.50%senior notes due 2034 is C$850 while C$750 will be tendered for the 5.15%senior notes.

Thetender offers will close at midnight ET the night of April 12, unlessextended or earlier terminated by the company.