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RBC is lead underwriter for US$500m private placement by Strathcona Resources Ltd.
Canada | August 27, 2021
Client: RBC Dominion Securities Inc
Our Calgary office acted as Canadian counsel to RBC Dominion Securities Inc., as lead underwriter, for the US$500m private placement by Strathcona Resources Ltd. of senior unsecured notes due 2026. The net proceeds from the offering were used by Strathcona to repay a portion of the outstanding borrowings under its revolving credit facility, and operating facility without cancelling the revolving commitments thereunder, and to repay a portion of the debt under its term loan facility.