Tamarack Valley Energy Ltd announced a private placement of 7.25% senior unsecured sustainability-linked notes due May 10, 2027, for gross proceeds of CAD 200 million on February 2, 2022. The notes will be issued at par under a trust indenture and will be general unsecured obligations ranking pari passu with all of its existing and future senior unsecured indebtedness. Closing of the transaction is expected to occur on or about February 10, 2022, subject to satisfaction of customary closing conditions.

The notes will be only offered in the provinces of Canada and in the United States pursuant to applicable private placement exemptions to qualified institutional investors.