Crew Energy Inc. (TO: CR) closes its offering of C $150 million 8.375% per annum, 7-year senior unsecured notes.
The notes will be direct senior unsecured obligations of Crew ranking equal with all other present and future senior unsecured indebtedness of Crew. The notes were offered in each of the provinces and territories of Canada on a private placement basis without the filing of a prospectus.
Net proceeds will be used for a non-permanent repayment of indebtedness under its existing credit facility and for general corporate purposes.
TD Securities Inc., ...