Jupiter Resources Inc. will offer about US$1.1 billion, in aggregate principal amount, of senior notes in a private offering, the company said Sept. 9.
The notes are due 2022, the company said, and will support the acquisition of the Bighorn properties from Encana Corp. (TO: ECA.TO, NYSE: ECA), and general corporate and investment purposes.
Jupiter plans to enter a senior secured reserve-based revolving credit facility of about CA$1.5 billion after the Bighorn acquisition, the company said. The facility’s initial borrowing base is expected to be CA$550 million, the company noted.
Calgary, Alberta-based Jupiter Resources Inc. explores and produces natural gas in western Canada.
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