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WHITECAP RESOURCES ANNOUNCES CLOSING OF INVESTMENT GRADE SENIOR NOTES FINANCING

Newswire.ca - Fri Nov 1, 7:50AM CDT

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

CALGARY, AB , Nov. 1, 2024 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has successfully closed the previously announced offering of $400 million aggregate principal amount of senior unsecured notes due November 1, 2029 (the "Notes"). The Notes have been issued at par for gross proceeds of $400 million and will bear interest at a fixed rate of 4.382% per annum. The net proceeds will be used to repay existing indebtedness.  The Notes have also been assigned a rating of BBB (low), with a stable trend, by Morningstar DBRS.

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