June 19, 2025
WHITECAP RESOURCES ANNOUNCES CLOSING OF SENIOR NOTES FINANCING
NOT FOR DISTRIBUTION TO UNITED STATES NEWSIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
CALGARY, ALBERTA – Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has successfully closed the previously announced offering of $300 million aggregate principal amount of senior unsecured notes due June 19, 2028 (the "Notes"). The Notes have been issued at par for gross proceeds of $300 million and will bear interest at a fixed rate of 3.761% per annum. The net proceeds will be used to repay existing indebtedness and for general corporate purposes. The Notes have been assigned a rating of BBB, with a stable trend, by DBRS Inc. (Morningstar DBRS).
The Notes will be direct, unsecured obligations of the Company and will rank equally with all other present and future unsecured and unsubordinated indebtedness of the Company.
For further information:
Grant Fagerheim, President & CEO
or
Thanh Kang, Senior Vice President & CFO
Whitecap Resources Inc.
3800, 525 – 8th Avenue SW
Calgary, AB T2P 1G1
(403) 266-0767
www.wcap.ca
InvestorRelations@wcap.ca
Refer to full press release for advisories and forward-looking statements.
