PERTH, Australia, Feb. 8, 2012 /CNW/ - Aurora Oil & Gas Limited ("Aurora") (TSX: AEF) (ASX: AUT) today announced that it has closed its previously announced private offering of senior unsecured notes. Under the offering, a wholly owned subsidiary of Aurora has issued an aggregate principal amount of US$200 million 9.875% senior unsecured notes due February 2017 at a price of 98.552% of their face amount, resulting in net proceeds of approximately US$192 million after deduction of the original issue discount and commissions. The senior notes were issued pursuant to an indenture dated as of February 8, 2012, by and among the wholly owned subsidiary, the guarantor parties thereto (including Aurora) and U.S. Bank National Association, as trustee.
The senior 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 senior notes were offered only to qualified institutional buyers in the United States in accordance with Rule 144A under the U.S. Securities Act and to certain non-U.S. persons 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 to certain accredited investors.
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.
For further information:
Level 20, 77 St. George's Terrace, Perth WA 6000, Australia
GPO Box 2530, Perth WA 6001, Australia
T +61 8 9440 2626 F +61 8 9440 2699 E [email protected]