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Canadian Natural Resources Prices Notes

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March 27, 2014

Canadian Natural Resources Ltd. (TO: CNQ.TO) priced US$500 million, in principal amount, of floating rate unsecured notes due March 30, 2016, the company said March 26. The notes were sold at par with a 3-month Libor rate plus 0.375%, the company added.

Additionally, Canadian Natural Resources priced US$500 million, in principal amount, of 3.80% unsecured notes due April 15, 2024, at 99.957% per note, the company said. These notes yielded 3.805% to maturity, the company added.

The US$1 billion in net proceeds will repay credit facilities borrowings, Canadian Natural Resources ...


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