PE-backed Seven Generations launches $425 mln private placement
Seven Generations Energy Ltd, which last November raised $931.5 million in an initial public offering, has proposed a private placement of US$400 million in senior notes. The company, which subsequently increased the transaction's size to US$425 million, said the proceeds will help finance its capital investment program. The Calgary-based Seven Generations is currently developing a tight, liquids-rich gas and light oil project in northwest Alberta. Its private equity backers include ARC Financial Corp, Canada Pension Plan Investment Board and KERN Partners.
23 April 2015•6 mins read
