CALGARY, March 1, 2017 /CNW/ - Vermilion Energy Inc.
("Vermilion") (TSX, NYSE: VET) announces its intention to issue up to US$300 million aggregate
principal amount of 8 year senior unsecured notes (New Notes) in a private offering, subject to market and other
conditions. The company intends to use the net proceeds from the New Notes to repay a portion of the debt outstanding on
its revolving credit facility.
The New Notes have not been and will not be registered under the Securities Act of 1933, as amended ("U.S. Securities Act"),
or applicable state securities laws, and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state
securities laws. The New Notes have not been and will not be qualified for sale to the public under applicable Canadian
securities laws and, accordingly, any offer and sale of the New Notes in Canada will be made on
a basis which is exempt from the prospectus requirements of such securities laws. Pursuant to the terms of the offering,
the New Notes will be offered and sold only on a prospectus-exempt basis to institutional "accredited investors" in certain
provinces in Canada and, in the United States, will be offered
and sold only to "qualified institutional investors" in reliance on Rule 144A under the U.S. Securities Act and to certain
non-U.S. persons in transactions outside the United States in reliance on Regulation S under the
U.S. Securities Act.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any security in any
jurisdiction and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such
offering, solicitation or sale would be unlawful.
About Vermilion
Vermilion is an international energy producer that seeks to create value through the acquisition, exploration, development and
optimization of producing properties in North America, Europe
and Australia. Our business model targets annual organic production growth, along with providing reliable and increasing
dividends to investors. Vermilion is targeting growth in production primarily through the exploitation of light oil and
liquids-rich natural gas conventional resource plays in Canada and the
United States, the exploration and development of high impact natural gas opportunities in the
Netherlands and Germany, and oil drilling and workover programs in France and Australia. Vermilion also holds an 18.5% working interest in the Corrib gas field in
Ireland.
Forward-looking statements
Certain statements included in this press release may constitute forward-looking statements or financial outlooks under
applicable securities legislation, including but not limited to the potential for an offering and issuance of New Notes by
Vermilion and the use of proceeds therefrom. Such forward-looking statements are based on a number of assumptions, all or
any of which may prove to be incorrect. Although Vermilion believes that the expectations reflected in such forward-looking
statements are reasonable, undue reliance should not be placed on forward looking statements because Vermilion can give no
assurance that such expectations will prove to be correct. Forward-looking statements are based on current expectations,
estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially
from those anticipated by Vermilion and described in the forward-looking statements. The forward-looking statements
contained in this press release are made as of the date hereof and Vermilion undertakes no obligation to update publicly or
revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by
applicable securities laws.
SOURCE Vermilion Energy Inc.
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