February 24, 2017 / 6:53 PM / 9 months ago

BRIEF-Crew Energy Inc. announces C$300 million senior notes offering

Feb 24 (Reuters) - Crew Energy Inc:

* Crew Energy Inc. announces C$300 million senior notes offering

* Entered into an underwriting agreement to sell C$300 million aggregate principal amount of 6.500% senior unsecured notes due March 14, 2024

* Net proceeds will be used to redeem all of company’s existing 8.375% senior unsecured notes due 2020

* Excess proceeds will be used for a non-permanent repayment of current indebtedness under Crew’s existing credit facility Source text for Eikon: Further company coverage:

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