On Jan. 31, 2020, MEG Energy Corp. completed an offering of US$1,200,000,000 aggregate principal amount of 7.125% notes due 2027.
The offering was made in the U.S. under Rule 144A and in certain provinces of Canada pursuant to a private placement.
Barclays Capital Inc., BMO Capital Markets Corp. and RBC Capital Markets, LLC were joint book-running managers for the offering, and CIBC World Markets Corp. and AltaCorp Capital Inc. acted as co-managers.
Bennett Jones LLP acted as counsel to MEG in Canada with a team led by Brent Kraus and that included Harinder Basra and Zach Johnson (capital markets) and Denise Bright (banking and finance).
Latham & Watkins LLP represented MEG in the U.S. with a team that included Joshua Tinkelman, David Miller, Trevor Lavelle and Erin Lee (capital markets), Joshua Marnitz (environmental) and Jiyeon Lee-Lim and Aaron Bernstein (tax).
Simpson Thacher & Bartlett LLP represented the underwriters in the U.S. with a team that included Hui Lin, Kenneth Wallach and Ben Massey (capital markets).Blake, Cassels & Graydon LLP represented the underwriters in Canada with a team that included Catherine Youdan and Ralph Lindzon (capital markets) and Chris Van Loan (tax).