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BRIEF-Baytex Announces Proposed $500 Million Private Placement Offering Of Senior Notes

Published 2020-01-21, 07:51 a/m
Updated 2020-01-21, 09:07 a/m
BRIEF-Baytex Announces Proposed $500 Million Private Placement Offering Of Senior Notes

Jan 21 (Reuters) - Baytex Energy Corp BTE.TO :

* BAYTEX ANNOUNCES PROPOSED US$500 MILLION PRIVATE PLACEMENT OFFERING OF SENIOR NOTES

* BAYTEX ENERGY CORP - INTENDS TO OFFER US$500 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR UNSECURED NOTES DUE 2027

* BAYTEX ENERGY - INTENDS TO USE NET PROCEEDS FROM OFFERING TO REDEEM $400 MILLION OF OUTSTANDING 5.125% NOTES DUE JUNE 1, 2021, AMONG OTHER THINGS

* BAYTEX ENERGY - INTENDS TO USE NET PROCEEDS TO ALSO REDEEM $300 MILLION PRINCIPAL AMOUNT OF ITS OUTSTANDING 6.625% DEBENTURES DUE JULY 19, 2022

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