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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Enerplus Corporation | TSX:ERF | Toronto | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.56 | 2.09% | 27.32 | 27.31 | 27.32 | 27.38 | 26.99 | 26.99 | 138,866 | 16:49:19 |
CALGARY, AB, March 10, 2021 /CNW/ - Enerplus Corporation ("Enerplus" or the "Company") (TSX: ERF) (NYSE: ERF) today announced that it has closed its previously announced acquisition of Bruin E&P HoldCo, LLC ("Bruin"), a pure play Williston Basin private company, for a total cash purchase price of US$465 million, subject to normal purchase price adjustments. The purchase price was funded by Enerplus fully drawing its new three-year US$400 million term facility, along with a portion of the proceeds from Enerplus' C$132 million equity offering completed on February 3, 2021. The Company remains undrawn on its US$600 million bank credit facility.
About Enerplus
Enerplus is an independent North American oil and gas exploration and production company focused on creating long-term value for its shareholders through a disciplined, returns-based capital allocation strategy and a commitment to safe, responsible operations. For more information, visit the Company's website at www.enerplus.com.
SOURCE Enerplus Corporation
Copyright 2021 Canada NewsWire
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