/ NOT FOR CIRCULATION TO UNITED STATES NEWSIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
CALGARY, AB, June 17, 2025/ CNW/ – Whitecap Resources Inc. (” Whitecap” or the “Business”) WCP is happy to reveal that it has actually priced an offering of $ 300 million primary quantity of 3.761% senior unsecured notes due June 19, 2028 (the “Notes”). The net earnings will be utilized to pay back existing insolvency and for basic business functions.
Whitecap’s financial investment grade credit ranking was just recently updated to BBB, with a steady pattern, provided by DBRS, Inc. (” Morningstar DBRS”), showing its better credit profile. The Notes have actually likewise been designated a provisionary ranking of BBB, with a steady pattern, by Morningstar DBRS.
The Notes will be direct, unsecured commitments of the Business and will rank similarly with all other present and future unsecured and unsubordinated insolvency of the Business. The Notes are being used in Canada on a private-placement basis in dependence upon exemptions from the prospectus requirements under suitable securities legislation (the “Offering”).
The Notes are being used through a distribute of representatives consisting of CIBC World Markets Inc., RBC Rule Securities Inc., ATB Securities Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Desjardins Securities Inc. and Merrill Lynch Canada Inc. The Notes are anticipated to be provided on or about June 19, 2025, based on traditional closing conditions.
This press release does not make up a deal to offer or the solicitation of a deal to purchase any of the Notes in any jurisdiction. The Notes have actually not been authorized or disapproved by any regulative authority. The Notes have actually not been and will not be received circulation to the general public under the securities laws of any province or area of Canada and will just be offered to “recognized financiers” under suitable Canadian securities laws. The Notes will not be signed up under the United States Securities Act of 1933, as changed, or any state securities laws, and will not be used or offered within the United States
ADVISORY
Credit Scores
Credit scores are meant to offer financiers with an independent step of credit quality of a problem of securities. Credit scores are not suggestions to buy, hold or offer securities and do not deal with the marketplace cost or viability of a particular security for a specific financier. There is no guarantee that any ranking will stay in result for any given time period or that any ranking will not be modified or withdrawn completely by a score company in the future if, in its judgement, scenarios so necessitate.
KEEP IN MIND CONCERNING POSITIVE DECLARATIONS
This news release consists of positive declarations and positive details (jointly “positive details”) within the significance of suitable securities laws connecting to the Offering and other elements of our organization. In specific, and without restricting the generality of the foregoing, this news release consists of positive details with regard to: that the Business will utilize the net earnings of the Providing to pay back existing insolvency and for basic business functions; our belief that the credit ranking from Morningstar DBRS shows the better danger profile; and the anticipated regards to the Notes and timing to release the Notes. The positive details is based upon particular crucial expectations and presumptions made by our management, including our capability to please all conditions to closing the Providing on the timeline prepared for. Although our company believe that the expectations and presumptions on which such positive details is based are affordable, unnecessary dependence needs to not be put on the positive details since Whitecap can offer no guarantee that they will show to be appropriate. Because positive details addresses future occasions and conditions, by its very nature it includes intrinsic dangers and unpredictabilities. These consist of, however are not restricted, to: the danger that we are postponed in pleasing or are not able to please the conditions to closing the Offering which closing of the Offering is postponed or does not happen; modifications to credit scores from the provisionary ranking revealed herein; and basic organization and financial conditions and the danger of negative modifications thereto. Our real outcomes, efficiency or accomplishment might vary materially from those revealed in, or suggested by, the positive details and, appropriately, no guarantee can be considered that any of the occasions prepared for by the positive details will take place or happen, or if any of them do so, what advantages that we will obtain therefrom. Management has actually consisted of the above summary of presumptions and dangers associated with positive details offered in this news release in order to offer security holders with a more total viewpoint on our future operations and such details might not be proper for other functions. Readers are warned that the foregoing lists of aspects are not extensive. Extra details on these and other aspects that might impact our operations or monetary outcomes are consisted of in reports on file with suitable securities regulative authorities and might be accessed through the SEDAR+ site (www.sedarplus.ca). These positive declarations are made since the date of this news release and we disclaim any intent or commitment to upgrade openly any positive details, whether as an outcome of brand-new details, future occasions or outcomes or otherwise, besides as needed by suitable securities laws.
SOURCE Whitecap Resources Inc.