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Baytex Energy Announces Closing of $575 Million Private Placement Offering

Deals & Cases
April 1, 2024
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Deals & Cases
April 1, 2024

Vinson & Elkins advised Baytex Energy Corp. in connection with its private offering of $575 million aggregate principal amount of senior unsecured notes due 2032 (the “Notes”).

The Notes will bear interest at a rate of 7.375% per annum and mature on March 15, 2032. The Notes were priced at 99.266% of par value to yield 7.500% per annum. The offering closed on April 1, 2024.

The Vinson & Elkins corporate team was led by Partners Mike Telle and David Wicklund and Senior Associate Layton Suchma, with assistance from Associates Chandler Jones, Natalie Harrison, Cole Leveque and Rivers Stephens. Also advising were Partner Natan Leyva, Counsel Allyson Seger and Associate Steve Campbell; Partner Joe Lee, Senior Associate Mary Daniel Morgan and Associate Kenneth Strain; Partner Matt Dobbins and Associate Alyssa Sieja; and Partner Becky Baker and Associate Jordan Peck.

 

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Key Contacts

Partner
Michael Telle