{"id":454761,"date":"2021-03-10T08:49:36","date_gmt":"2021-03-10T13:49:36","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=454761"},"modified":"2021-03-10T08:49:36","modified_gmt":"2021-03-10T13:49:36","slug":"arc-resources-ltd-announces-the-closing-of-its-offering-of-senior-unsecured-notes","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/arc-resources-ltd-announces-the-closing-of-its-offering-of-senior-unsecured-notes\/","title":{"rendered":"ARC Resources Ltd. Announces the Closing of Its Offering of Senior Unsecured Notes"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">Canada NewsWire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <i>\/NOT FOR DISTRIBUTION TO <span class=\"xn-location\">UNITED STATES<\/span> NEWSWIRE SERVICES OR FOR DISSEMINATION IN <span class=\"xn-location\">THE UNITED STATES<\/span>\/<\/i>\n      <\/p>\n<p>\n        <span class=\"xn-location\">CALGARY, AB<\/span>, <span class=\"xn-chron\">March 10, 2021<\/span> \/CNW\/ &#8211; (ARX &#8211; TSX)\u00a0ARC Resources Ltd. (&#8220;ARC&#8221; or the &#8220;Company&#8221;) announced today it has successfully closed its previously announced offering of <span class=\"xn-money\">Cdn$1.0 billion<\/span> aggregate principal amount of senior unsecured notes (the &#8220;Offering&#8221;), consisting of <span class=\"xn-money\">Cdn$450 million<\/span> aggregate principal amount of 2.354% Senior Unsecured Notes, Series 1 due 2026 (the &#8220;Series 1 Notes&#8221;) and <span class=\"xn-money\">Cdn$550 million<\/span> aggregate principal amount of 3.465% Senior Unsecured Notes, Series 2 due 2031 (the &#8220;Series 2 Notes&#8221;, together with the Series 1 Notes, the &#8220;Notes&#8221;). \u00a0DBRS Morningstar has assigned a provisional rating of BBB with a stable trend to the Notes assuming the successful completion of the business combination with Seven Generations Ltd. announced on <span class=\"xn-chron\">February 10, 2021<\/span>.<\/p>\n<p>The Notes were offered through a syndicate of agents co-led by RBC Capital Markets and CIBC Capital Markets.<\/p>\n<p>The Notes were not and will not be registered under the United States Securities Act of 1933, as amended (the &#8220;U.S. Securities Act&#8221;), and were not offered or sold in <span class=\"xn-location\">the United States<\/span>. The Notes were offered only to persons outside <span class=\"xn-location\">the United States<\/span> in compliance with Regulation S under the U.S. Securities Act. In <span class=\"xn-location\">Canada<\/span>, the Notes were offered and sold on a private placement basis to &#8220;accredited investors&#8221; in certain provinces of <span class=\"xn-location\">Canada<\/span>. This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any security and shall not constitute an offer, solicitation, or sale in <span class=\"xn-location\">the United States<\/span> or any jurisdiction in which such an offer, solicitation, or sale would be unlawful. This news release does not constitute an offer to purchase the Notes.<\/p>\n<p>\n        <b>Advisory \u2013 Credit Ratings<\/b>\n      <\/p>\n<p>Credit ratings are intended to provide investors with an independent measure of credit quality of an issue of securities. Credit ratings are not recommendations to purchase, hold, or sell securities and do not address the market price or suitability of a specific security for a particular investor. There is no assurance that any rating will remain in effect for any given period of time or that any rating will not be revised or withdrawn entirely by the rating agency in the future if, in its judgment, circumstances so warrant.<\/p>\n<p>\n        <b>About ARC<\/b>\n      <\/p>\n<p>ARC is one of <span class=\"xn-location\">Canada&#8217;s<\/span> largest energy companies and its common shares trade on the TSX under the symbol ARX.<\/p>\n<p>For further information about ARC Resources Ltd., please visit ARC&#8217;s website at <u><a href=\"http:\/\/www.arcresources.com\" rel=\"nofollow\">www.arcresources.com<\/a><\/u>\u00a0or contact Investor Relations:<\/p>\n<p class=\"prntac\">E-mail: <a target=\"_blank\" href=\"mailto:IR@arcresources.com\" rel=\"nofollow noopener noreferrer\">IR@arcresources.com<\/a><br \/>Telephone: (403) 503-8600<br \/>Fax: (403) 509-6427<br \/>Toll Free: 1-888-272-4900<br \/>ARC Resources Ltd.<br \/>Suite 1200, 308 &#8211; 4<sup>th<\/sup> Avenue SW<br \/><span class=\"xn-location\">Calgary<\/span>, AB\u00a0 T2P 0H7<\/p>\n<p>SOURCE  ARC Resources Ltd.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=C1634&amp;Transmission_Id=202103100846CANADANWWEB______C1634&amp;DateId=20210310\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canada NewsWire \/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES\/ CALGARY, AB, March 10, 2021 \/CNW\/ &#8211; (ARX &#8211; TSX)\u00a0ARC Resources Ltd. (&#8220;ARC&#8221; or the &#8220;Company&#8221;) announced today it has successfully closed its previously announced offering of Cdn$1.0 billion aggregate principal amount of senior unsecured notes (the &#8220;Offering&#8221;), consisting of Cdn$450 million aggregate principal amount of 2.354% Senior Unsecured Notes, Series 1 due 2026 (the &#8220;Series 1 Notes&#8221;) and Cdn$550 million aggregate principal amount of 3.465% Senior Unsecured Notes, Series 2 due 2031 (the &#8220;Series 2 Notes&#8221;, together with the Series 1 Notes, the &#8220;Notes&#8221;). \u00a0DBRS Morningstar has assigned a provisional rating of BBB with a stable trend to the Notes assuming the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/arc-resources-ltd-announces-the-closing-of-its-offering-of-senior-unsecured-notes\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;ARC Resources Ltd. Announces the Closing of Its Offering of Senior Unsecured Notes&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-454761","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ARC Resources Ltd. Announces the Closing of Its Offering of Senior Unsecured Notes - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/arc-resources-ltd-announces-the-closing-of-its-offering-of-senior-unsecured-notes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ARC Resources Ltd. Announces the Closing of Its Offering of Senior Unsecured Notes - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Canada NewsWire \/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES\/ CALGARY, AB, March 10, 2021 \/CNW\/ &#8211; (ARX &#8211; TSX)\u00a0ARC Resources Ltd. (&#8220;ARC&#8221; or the &#8220;Company&#8221;) announced today it has successfully closed its previously announced offering of Cdn$1.0 billion aggregate principal amount of senior unsecured notes (the &#8220;Offering&#8221;), consisting of Cdn$450 million aggregate principal amount of 2.354% Senior Unsecured Notes, Series 1 due 2026 (the &#8220;Series 1 Notes&#8221;) and Cdn$550 million aggregate principal amount of 3.465% Senior Unsecured Notes, Series 2 due 2031 (the &#8220;Series 2 Notes&#8221;, together with the Series 1 Notes, the &#8220;Notes&#8221;). \u00a0DBRS Morningstar has assigned a provisional rating of BBB with a stable trend to the Notes assuming the &hellip; Continue reading &quot;ARC Resources Ltd. 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