RBC and BMO provide credit facility to finance Enerplus Corporation’s acquisition of Bruin
Our Calgary office acted for Royal Bank of Canada and Bank of Montreal, as co-lead arrangers and joint bookrunners of a credit facility to finance Enerplus Corporation’s acquisition of all shares of Bruin E&P HoldCo, LLC ("Bruin") for total proceeds of US$465m. Bruin is a pure play Williston Basin private company with properties located in North Dakota.
The acquisition was financed through a US$400m term loan and a concurrent US$115m bought deal equity financing.
The acquisition was financed through a US$400m term loan and a concurrent US$115m bought deal equity financing.