On July 26, 2007, Pengrowth Corporation, administrator of Pengrowth Energy Trust, completed a US $400 million offering of notes issued on a private placement basis in the United States. The private placement consisted of US $400 million of 6.35 percent notes due in 2017. The notes are unsecured and rank equally with Pengrowth's bank facilities and existing term notes.
Pengrowth was represented by Charles V. Selby, vice-president and corporate secretary, and by Bennett Jones LLP with a team that included Denise Bright (banking & securities), Philip Backman (banking), Brad Markel (securities), and Greg Johnson and Joanne Vandale (tax).
The note holders were represented by Chapman and Cutler LLP (Chicago) with a team that included Robert Nash and Willie Lewis.