Vermilion Energy Inc. - 2011-02-04


Increased its offering of five-year senior unsecured notes by $25 million to an aggregate principal amount of $225 million. The 6.5% notes have received a preliminary rating of BB (low)/Stable by DBRS Ltd. and BB- by Standard & Poor's.

Net proceeds will be used to make a non-permanent repayment of existing indebtedness under Vermilion's existing credit facility and for general corporate purposes.

Scotia Capital Inc. and CIBC World Markets Inc. are joint book runners. TD Securities Inc. is a joint lead manager. Other underwriters include BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., National Bank Financial Inc., Macquarie Capital Markets Canada Ltd., FirstEnergy Capital Corp., Citigroup Global Markets Canada Inc., Dundee Securities Corp. and BNP Paribas Securities Corp.

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