10:16 AM EDT, 05/31/2024 (MT Newswires) -- Chord Energy ( CHRD ) and Enerplus ( ERF ) said they have completed their merger transaction, with Enerplus ( ERF ) shares ceasing trading on the New York Stock Exchange on Friday and to be delisted from the Toronto Stock Exchange on June 3.

Chord now expects over $200 million in annual synergies from the business combination, $50 million more than its initial estimate, according to the statement. It also raised the borrowing base to $3 billion and the amount of elected commitments to $1.5 billion.