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Seven Generations Energy Closes Senior Note Offer

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February 6, 2014

Seven Generations Energy Ltd. closed a private placement of US $300 million, in aggregate principal amount, of 8.250% senior notes due 2020, the company said Feb. 5.

The notes, issued under supplemental indenture and priced at 107% of par, yielded US $321 million in gross proceeds, the company added.

Net proceeds will partly fund Seven Generations’ 2014 capex plan, the company said.

Before this offering, there was US $400 million, in aggregate principal amount, of initial senior notes for the same percentage, outstanding. These were issued May 10, 2013, the ...

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