Enerplus Closes Acquisition of Bruin
March 10 2021 - 01:01PM
PR Newswire (Canada)
CALGARY, AB, March 10, 2021 /CNW/ - Enerplus Corporation
("Enerplus" or the "Company") (TSX: ERF) (NYSE: ERF) today
announced that it has closed its previously announced acquisition
of Bruin E&P HoldCo, LLC ("Bruin"), a pure play Williston Basin
private company, for a total cash purchase price of US$465 million, subject to normal purchase price
adjustments. The purchase price was funded by Enerplus fully
drawing its new three-year US$400
million term facility, along with a portion of the proceeds
from Enerplus' C$132 million equity
offering completed on February 3,
2021. The Company remains undrawn on its US$600 million bank credit facility.
About Enerplus
Enerplus is an independent North American oil and gas
exploration and production company focused on creating long-term
value for its shareholders through a disciplined, returns-based
capital allocation strategy and a commitment to safe, responsible
operations. For more information, visit the Company's website at
www.enerplus.com.
SOURCE Enerplus Corporation
Copyright 2021 Canada NewsWire
Enerplus (TSX:ERF)
Historical Stock Chart
From Feb 2024 to Mar 2024
Enerplus (TSX:ERF)
Historical Stock Chart
From Mar 2023 to Mar 2024