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Baytex Closes Senior Notes

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June 6, 2014

Baytex Energy Corp. (NYSE: BTE, TO: BTE.TO) closed a private placement of senior notes due 2021 and 2024, the company said June 6.

The notes had an aggregate principal amount of US$800 million, Baytex said. Each group was issued with an aggregate principal amount of $400 million, the company added.

The gross proceeds were placed in escrow until certain conditions, including the closing of the acquisition of Aurora Oil & Gas Ltd.’s (TO: AEF.TO) common shares, are met, the company said. This acquisition is scheduled to close June 11 in ...

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