Enerplus Corporation completed a Canadian bought deal offering of 14,708,500 common shares for aggregate gross proceeds of approximately $350 million through a syndicate of underwriters co-led by RBC Capital Markets and BMO Capital Markets. The proceeds of the offering will be used by Enerplus to fund a portion of its $800 million 2012 capital expenditure program in its key resource plays in both Canada and the United States.
The Enerplus team was led by David McCoy, Vice President, Corporate Services, General Counsel & Corporate Secretary of Enerplus, along with a team from Blake, Cassels & Graydon LLP consisting of Chad Schneider, Olga Kary and Dan Shea. Andrew Foley and Tim Phillips of Paul, Weiss, Rifkind, Wharton & Garrison LLP advised Enerplus on US securities law matters.
The underwriters were represented by Jay Reid, Alyson Goldman and Jessica Brown of Burnet, Duckworth & Palmer LLP, and on US securities law matters by Dan Miller of Dorsey & Whitney LLP.