Encana Corp. completed the bought deal offer of about 85.6 million common shares priced at CA$14.60 each, the company said March 16.
There were about CA$1.25 billion in net proceeds.
The syndicate of underwriters was granted a monthlong overallotment option to purchase about 12.8 million additional shares, the company said.
On April 6, the proceeds will redeem US$700 million in long-term debt that matures in 2017 and CA$750 million in long-term debt that matures in 2018. About US$165 million in early interest needs to be paid for the redemptions, Encana added.
The underwriters were led by by RBC Capital Markets, Credit Suisse (NYSE: CS) and Scotiabank.
Calgary, Alberta-based Encana Corp. produces and transports natural gas, oil and NGL in North America.
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Lender would fund private and government energy projects domestically and internationally.