Canadian Natural Resources Limited Prices US$1,500 Million in 5 and 10 Year USD Notes and C$500 Million in 7 Year CAD Notes
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Canadian Natural Resources Limited has priced $1.5 billion in USD notes and C$500 million in CAD notes, with proceeds intended for general corporate purposes and debt repayment, including debt from a previous asset acquisition from Chevron Canada Limited.
December 03, 2024 | 11:45 pm
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Canadian Natural Resources Limited has issued $1.5 billion in USD notes and C$500 million in CAD notes. The proceeds will be used for general corporate purposes and to repay debt, including that from a Chevron Canada asset acquisition.
The issuance of notes suggests a strategic move to manage debt and fund corporate activities, which could be seen positively by investors as it indicates financial planning and growth potential. The connection to a Chevron Canada asset acquisition highlights ongoing expansion efforts.
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