Canadian Natural Resources Limited Prices US$1 Billion in 2 and 10 Year Notes
March 26 2014 - 8:53PM
Marketwired
Canadian Natural Resources Limited Prices US$1 Billion in 2 and 10
Year Notes
CALGARY, ALBERTA--(Marketwired - Mar 26, 2014) -
Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ)
("Canadian Natural" or the "Company") announces that on March 26,
2014, it priced US$500 million principal amount of floating rate
unsecured notes due March 30, 2016 sold at par with a rate of 3
month Libor plus 0.375%, and US$500 million principal amount of
3.80% unsecured notes due April 15, 2024 sold at a price of 99.957%
per note to yield 3.805% to maturity.
Net proceeds from the sale of the notes will be used to repay
borrowings under the Company's credit facilities.
Merrill Lynch, Pierce, Fenner & Smith Incorporated, BNP
Paribas Securities Corp. and J.P. Morgan Securities LLC acted as
joint book running managers for the offering. Barclays Capital
Inc., Citigroup Global Markets Inc., BMO Capital Markets Corp.,
CIBC World Markets Corp., RBC Capital Markets, LLC, Scotia Capital
(USA) Inc., Mitsubishi UFJ Securities (USA), Inc., DNB Markets,
Inc., Deutsche Bank Securities Inc., Mizuho Securities USA Inc.,
RBS Securities Inc., SG Americas Securities, LLC and SMBC Nikko
Securities America, Inc. acted as co-managers.
The sale of the notes was issued under the Company's short form
base shelf prospectus dated November 1, 2013.
This press release shall not constitute an offer to sell or
the solicitation of an offer to buy, nor shall there be any sale of
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or other
jurisdiction.
Canadian Natural has filed a registration statement
(including a prospectus) with the SEC for the offering to which
this communication relates. Before you invest, you should read the
prospectus in that registration statement and other documents
Canadian Natural has filed with the SEC for more complete
information about Canadian Natural and this offering. A copy of the
prospectus supplement and accompanying prospectus relating to these
securities may be obtained from Merrill Lynch, Pierce, Fenner &
Smith Incorporated, Attention: Prospectus Department, 222 Broadway,
11th Floor, New York, NY 10038 (toll-free: 1-800-294-1322), BNP
Paribas Securities Corp., Attention: Syndicate Desk, 787 Seventh
Avenue, New York, NY 10019 (toll-free: 1-800-854-5674) or J.P.
Morgan Securities LLC, 383 Madison Avenue, New York, NY 10179
(collect: 1-212-834-4533).
Canadian Natural is a senior oil and natural gas production
company, with continuing operations in its core areas located in
Western Canada, the U.K. portion of the North Sea and Offshore
Africa.
Steve W. LautPresidentDouglas A. ProllExecutive
Vice-PresidentCorey B. BieberChief Financial Officer & Senior
Vice-President, FinanceCanadian Natural Resources Limited2500, 855
- 2nd Street S.W.Calgary, Alberta, T2P 4J8 CanadaPhone: (403)
514-7777(403) 514-7888ir@cnrl.comwww.cnrl.com
Canadian Natural Resources (TSX:CNQ)
Historical Stock Chart
From Apr 2024 to May 2024
Canadian Natural Resources (TSX:CNQ)
Historical Stock Chart
From May 2023 to May 2024