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VET:CC - Vermilion Energy raises $400M through unsecured debt offering
Vermilion Energy Inc.
Vermilion Energy (NYSE:VET) has priced $400M of 6.875% senior unsecured notes due May 1, 2030 at 99.241% of par. Interest on the notes will be paid semi-annually. The notes were . The offering is expected to close on or about April 26. Net proceeds will be used to reduce the amount outstanding under credit facility from $2.1B to $1.6B. Shares up 2.3% premarket after company pre-announced Q1 results on Tuesday, exceeding annual production guidance.