09:52 AM EDT, 06/21/2024 (MT Newswires) -- Veren ( VRN ) , formerly called Crescent Point Energy, on Friday closed its $1 billion senior unsecured notes offering, with proceeds to be used to repay debt, including fully retiring a bank term loan.

The notes include $550 million of 4.968% five-year notes priced at par and due June 2029, and $450 million of 5.503% 10-year notes priced at par and due June 2034. The notes have been assigned a rating of BBB (low), with a stable trend, by DBRS.

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