10:34 AM EST, 01/28/2025 (MT Newswires) -- Vermilion Energy ( VET ) said Tuesday it intends to issue up to $400 million total principal amount of eight-year senior unsecured notes in a private offering.

The company plans to use the net proceeds to redeem or repay the outstanding amount of its current 5.625% senior notes due 2025, finance a part of the purchase price to acquire Westbrick Energy, and repay outstanding debt under its credit facilities, it added.

Shares of Vermilion were down 1% in recent trading.

Price: 9.49, Change: -0.10, Percent Change: -1.04