Baytex Announces $500 Million Bought Deal Financing
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Baytex Energy Corp. (BTE) Reports $500M Bought Deal Financing at $17.35/Share
March 11, 2015 4:51 PM EDTBaytex Energy Corp. (NYSE: BTE) announces that it has entered into an agreement to sell 28,820,000 common shares ("Common Shares") at $17.35 per share (the "Offering Price") to raise gross proceeds of approximately $500 million on a bought deal basis (the "Offering"). The issue will be made through a syndicate of underwriters (the "Underwriters") co-led by Scotiabank and RBC Capital Markets. The net proceeds will be used to reduce bank indebtedness, increase working capital and fund... More
