CALGARY, July 19, 2012 /CNW/ - MEG Energy Corp. ("MEG") today announced
that it has closed its previously announced senior unsecured notes
offering (the "Notes Offering"). MEG has issued US$800 million in
aggregate principal amount of 6.375% senior unsecured notes due in 2023
(the "Notes"). The Notes were issued pursuant to an indenture dated as
of July 19, 2012, by and between MEG, MEG Energy (U.S.) Inc. and
Wilmington Trust, National Association, as trustee.
The Notes have not been and will not be registered under the U.S.
Securities Act of 1933, as amended (the "U.S. Securities Act"), and may
not be offered or sold in the United States absent registration or an
applicable exemption from registration requirements. The Notes were
offered only to qualified institutional buyers in the United States
under Rule 144A and outside the United States in compliance with
Regulation S under the U.S. Securities Act. In Canada, the Notes were
offered on a private placement basis in certain provinces of Canada.
This press release does not constitute an offer to sell, or a
solicitation of an offer to buy, any security and shall not constitute
an offer, solicitation or sale in any jurisdiction in which such an
offer, solicitation, or sale would be unlawful.
MEG is focused on sustainable in situ oil sands development and
production in the southern Athabasca oil sands region of Alberta,
Canada. MEG is actively developing enhanced oil recovery projects that
utilize SAGD extraction methods. MEG's common shares are listed on the
Toronto Stock Exchange under the symbol "MEG."
Caution Regarding Forward-Looking Information
This news release may contain forward-looking information. Such
forward-looking information is based on certain assumptions and
analysis made by MEG in light of its experience and perception of
current conditions and expected future developments as well as other
factors it believes are appropriate in the circumstances. However,
whether actual results, performance or achievements will conform to
MEG's expectations and predictions is subject to a number of known and
unknown risks and uncertainties which could cause actual results to
differ materially from MEG's expectations. Other factors which could
materially affect such forward-looking information are described in the
risk factors detailed in the offering documentation prepared and
delivered by MEG in connection with the Notes Offering.
SOURCE MEG Energy Corp.
For further information:
Director, Investor Relations
Director, External Communications