09:12 AM EDT, 11/01/2024 (MT Newswires) -- Whitecap Resources ( SPGYF ) said Friday that it closed its offering of $400 million in senior unsecured notes due Nov. 1, 2029.

The company said it will use the proceeds to repay existing debt.

Whitecap said the notes will bear interest at a fixed rate of 4.382% per year.

Morningstar DBRS assigned the notes a BBB (low) rating with a stable trend.