Vermilion Energy Inc. announced the successful closing of its previously announced private offering of US$400 million aggregate principal amount of eight-year senior unsecured notes. These new notes will mature on February 15, 2033.
The notes carry a fixed coupon of 7.250% per annum, with interest payments scheduled semi-annually on February 15 and August 15, commencing August 15, 2025. This financing is a key component of Vermilion's capital strategy.
The proceeds from this offering are designated to support the funding of the Westbrick Energy Ltd. acquisition and to facilitate the redemption or repayment of existing debt obligations, strengthening the company's financial position.
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