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Baytex Energy Concludes Debentures Offering

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July 20, 2012

Baytex Energy Corp. (TSX:BTE) (NYSE:BTE) announced the closing of its offering of $300 million principal amount of 6.625% Series C senior unsecured debentures due July 19, 2022 (the "Series C Debentures"). Concurrent with the closing of the Series C Debentures, Baytex has also sent notice for the redemption, effective August 26, 2012, of its 9.15% Series A senior unsecured debentures due August 26, 2016 (the "Series A Debentures").

The Series C Debentures were offered through a syndicate of underwriters led by TD Securities Inc. and RBC Dominion Securities Inc. that ...

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