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ARC Resources Closes $1 Billion Offering of Senior Unsecured Notes

BY MT Newswires | CORPORATE | 06/17/25 05:25 PM EDT

05:25 PM EDT, 06/17/2025 (MT Newswires) -- ARC Resources (AETUF) after close of trade Tuesday closed its $1-billion offering of senior unsecured notes.

The notes consist of $550 million aggregate principal amount of 3.577% Senior Unsecured Notes, Series 3 due 2028 and $450 million aggregate principal amount of 4.409% Senior Unsecured Notes, Series 4 due 2032.

ARC intends to use the proceeds, together with the previously announced committed term loan and drawings under ARC's existing credit facilities, to fund its $1.6-billion purchase of Alberta assets from Strathcona Resources (SCR.TO) announced in May. The balance remaining, if any, will be used for general corporate purposes, with the transaction expected to close early July 2025.

ARC shares closed up $0.46 to $31.29 on the Toronto Stock Exchange.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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