ARC Resources Ltd T.ARX

Alternate Symbol(s): AETUF

Energy Oil & Gas E&P

ARC Resources Ltd. is a Canada-based energy company. The Company's activities are focused on the exploration, development, and production of unconventional natural gas, condensate, Natural gas liquids (NGLs), and crude oil in western Canada. The Company's assets are located in the Montney region in Alberta and northeast British Columbia. The Company’s operations in Alberta are located near Grande Prairie and the region includes Kawka and Ante Creek. Kawka is a premium condensate-rich and high-deliverability natural gas play with top-tier development opportunities. The Company’s operations in northeast British Columbia feature low-emissions assets and are strategically connected to third-party egress and hydroelectricity. The Company’s operations in northeast British Columbia are located near Dawson Creek and the region includes Greater Dawson, Sunrise, Attachie, and Septimus and Sundown. The Greater Dawson operating area includes Dawson Phases I, II, III and IV and Parkland 3-9.

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ARC Resources Ltd > Debt

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Post by northmanon Aug 03, 2023 12:07pm

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Post# 35571372

Debt

Folks keep talking about ARC paying down their debt some more, but they only really have two long term notes outstanding with the following details:

1. $450MM, 2.3% interest, due in 2026
2. $550MM, 3.465% interest due in 2031

This is the entirety of their debt. There is absolutely zero change that these will get paid off before maturity given the interest rate, so don't expect their debt to go below $1bn for the foreseeable future. Also it would be foolish to pay these down given the absurdly low rates.

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