Vermilion Energy Inc. Announces the Closing of Its Senior Unsecured Notes Offering
Vermilion Energy (TSX: VET) (NYSE: VET) has successfully closed its private offering of US$400 million in senior unsecured notes. The eight-year notes, maturing on February 15, 2033, carry a fixed coupon rate of 7.250% per annum, with semi-annual payments starting August 15, 2025.
The notes are being offered exclusively to institutional 'accredited investors' in select Canadian provinces and 'qualified institutional buyers' in the United States under Rule 144A, as well as certain non-U.S. persons under Regulation S. The notes have not been registered under the U.S. Securities Act or Canadian securities laws and are being sold through exemptions from prospectus requirements.
Vermilion Energy (TSX: VET) (NYSE: VET) ha chiuso con successo la sua offerta privata di 400 milioni di dollari USA in obbligazioni senior non garantite. Le obbligazioni, con una scadenza di otto anni al 15 febbraio 2033, presentano un tasso di interesse fisso del 7,250% annuo, con pagamenti semestrali a partire dal 15 agosto 2025.
Le obbligazioni sono offerte esclusivamente a 'investitori accreditati' istituzionali in alcune province canadesi e a 'acquirenti istituzionali qualificati' negli Stati Uniti sotto la regola 144A, oltre a determinate persone non statunitensi ai sensi della Regolamentazione S. Le obbligazioni non sono state registrate ai sensi della Legge sui titoli degli Stati Uniti o delle leggi sui titoli canadesi e sono vendute attraverso esenzioni dai requisiti di prospetto.
Vermilion Energy (TSX: VET) (NYSE: VET) ha cerrado con éxito su oferta privada de 400 millones de dólares estadounidenses en notas senior no garantizadas. Las notas de ocho años, que vencen el 15 de febrero de 2033, tienen una tasa de interés fija del 7,250% anual, con pagos semestrales a partir del 15 de agosto de 2025.
Las notas se ofrecen exclusivamente a 'inversores acreditados' institucionales en ciertas provincias canadienses y a 'compradores institucionales calificados' en Estados Unidos bajo la regla 144A, así como a ciertas personas no estadounidenses bajo la Regulación S. Las notas no han sido registradas bajo la Ley de Valores de Estados Unidos ni las leyes de valores canadienses y se venden a través de exenciones de los requisitos de prospecto.
Vermilion Energy (TSX: VET) (NYSE: VET)가 4억 달러 규모의 선순위 무담보 채권의 사모 발행을 성공적으로 마무리했습니다. 8년 만기 채권은 2033년 2월 15일에 만기가 도래하며, 연 7.250%의 고정 금리를 가지고 있으며, 2025년 8월 15일부터 반기별로 이자가 지급됩니다.
채권은 특정 캐나다 주의 '공인 투자자' 및 미국의 '자격 있는 기관 구매자'에게 독점적으로 제공되며, 규칙 144A에 따라 판매되며, Regulation S에 따른 일부 비미국인에게도 제공됩니다. 채권은 미국 증권법이나 캐나다 증권법에 따라 등록되지 않았으며, 투자 설명서 요건 면제를 통해 판매됩니다.
Vermilion Energy (TSX: VET) (NYSE: VET) a réussi à conclure son offre privée de 400 millions de dollars américains en obligations senior non garanties. Les obligations d'une durée de huit ans, arrivant à maturité le 15 février 2033, portent un taux d'intérêt fixe de 7,250% par an, avec des paiements semestriels commençant le 15 août 2025.
Les obligations sont offertes exclusivement à des 'investisseurs accrédités' institutionnels dans certaines provinces canadiennes et à des 'acheteurs institutionnels qualifiés' aux États-Unis conformément à la règle 144A, ainsi qu'à certaines personnes non américaines en vertu de la réglementation S. Les obligations n'ont pas été enregistrées selon la loi sur les valeurs mobilières des États-Unis ou les lois canadiennes sur les valeurs mobilières et sont vendues sous des exemptions aux exigences de prospectus.
Vermilion Energy (TSX: VET) (NYSE: VET) hat erfolgreich seine Privatplatzierung von 400 Millionen USD in unbesicherten vorrangigen Anleihen abgeschlossen. Die achtjährigen Anleihen, die am 15. Februar 2033 fällig werden, haben einen festen Zinssatz von 7,250% pro Jahr, mit halbjährlichen Zahlungen, die am 15. August 2025 beginnen.
Die Anleihen werden ausschließlich an institutionelle 'akkreditierte Investoren' in ausgewählten kanadischen Provinzen sowie an 'qualifizierte institutionelle Käufer' in den Vereinigten Staaten gemäß Regel 144A sowie an bestimmte Nicht-US-Personen gemäß Regulation S angeboten. Die Anleihen wurden nicht gemäß dem US-Wertpapiergesetz oder den kanadischen Wertpapiergesetzen registriert und werden unter Ausnahmen von den Prospektanforderungen verkauft.
- Secured significant long-term financing of US$400 million
- Extended debt maturity profile to 2033, improving financial flexibility
- High interest rate of 7.250% represents substantial borrowing costs
- Additional long-term debt burden could impact financial leverage
Insights
The successful closure of Vermilion's
This debt issuance carries several key implications for investors:
- The extended maturity to 2033 provides significant runway for capital planning and reduces near-term refinancing risk
- The fixed interest rate structure protects against potential future rate increases, though at a premium to government yields reflecting energy sector risk premiums
- The private placement nature, targeting institutional investors, suggests strong institutional confidence in Vermilion's long-term prospects
From a credit perspective, while this adds to the company's debt load, the extended maturity profile and fixed rate nature provide stability to the capital structure. The timing of this issuance is notable, as many energy companies are seeking to lock in longer-term financing before potential market volatility. The successful placement indicates solid institutional appetite for energy sector debt, particularly from established producers with diverse asset bases like Vermilion.
The New Notes have not been and will not be registered under the
This press release does not constitute an offer to sell or the solicitation of an offer to buy any security in any jurisdiction and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offering, solicitation or sale would be unlawful.
About Vermilion
Vermilion is an international energy producer that seeks to create value through the acquisition, exploration, development and optimization of producing assets in
Vermilion's priorities are health and safety, the environment, and profitability, in that order. Nothing is more important than the safety of the public and those who work with Vermilion, and the protection of the natural surroundings. In addition, the Company emphasizes strategic community investment in each of its operating areas.
Vermilion trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.
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SOURCE Vermilion Energy Inc.
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