05:25 PM EDT, 06/17/2025 (MT Newswires) -- ARC Resources ( AETUF ) after close of trade Tuesday closed its $1-billion offering of senior unsecured notes.

The notes consist of $550 million aggregate principal amount of 3.577% Senior Unsecured Notes, Series 3 due 2028 and $450 million aggregate principal amount of 4.409% Senior Unsecured Notes, Series 4 due 2032.

ARC intends to use the proceeds, together with the previously announced committed term loan and drawings under ARC's existing credit facilities, to fund its $1.6-billion purchase of Alberta assets from Strathcona Resources (SCR.TO) announced in May. The balance remaining, if any, will be used for general corporate purposes, with the transaction expected to close early July 2025.

ARC shares closed up $0.46 to $31.29 on the Toronto Stock Exchange.