Vermilion Energy Inc. announced the pricing of its previously announced private offering of up to $400 million of 8 year senior unsecured notes. The New Notes will be issued in the aggregate principal amount of $400 million, and will have a maturity date of May 1, 2030 and a fixed coupon of 6.875% per annum, to be paid semi-annually. The notes were priced at 99.241% of par.

The offering of the New Notes is expected to close on or about April 26, 2022, subject to customary closing conditions. The Company intends to use the net proceeds from the New Notes to reduce the amount outstanding on credit facility. Contingent upon the completion of the Offering, it is intention to reduce the size of credit facility from $2.1 billion to $1.6 billion.

The completion of the Offering is not subject to the reduction of the size of the credit facility.