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Canadian Natural Resources grosses C$899.8 million from debt offering

Canadian Natural Resources Ltd. raised gross proceeds of C$899.8 million from an offering of 2.05% senior unsecured notes due June 1, 2020.

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

BMO Nesbitt Burns Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc. and TD Securities Inc. were the lead underwriters.

AltaCorp Capital Inc. and Desjardins Securities Inc. also served as underwriters for the offering.