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Financings

ARC Resources arranges $950-million note offering

By The Northwire Desk — AI Analysis Feb 11, 2026 · 04:47 ARX · 23.51 ARC Resources Ltd
ARX · Price

Executive Summary

  • ARC Resources Ltd. announced a $950 million offering of senior unsecured notes, split into two series maturing in 2029 and 2033.
  • Net proceeds will be used to redeem $450 million of existing Series 1 notes and repay outstanding amounts on a $500 million term loan.
  • The offering has received a provisional BBB credit rating from Morningstar DBRS and is expected to close on or about February 25, 2026.

Key Details

  • Aggregate Principal Amount: $950 million
  • Series 5 Notes: $400 million aggregate principal, 3.349% interest rate, due 2029
  • Series 6 Notes: $550 million aggregate principal, 4.104% interest rate, due 2033
  • Expected Closing Date: On or about Feb. 25, 2026
  • Credit Rating: Provisional BBB with a stable trend (Morningstar DBRS)
  • Use of Proceeds: Finance redemption of $450 million aggregate principal amount of 2.354% Series 1 notes; repay outstanding amounts under ARC's current $500 million term loan
  • Security & Ranking: Direct, senior unsecured obligations ranking equally and pari passu with all other existing and future unsecured and unsubordinated indebtedness
  • Syndicate Agents: Co-led by CIBC Capital Markets, RBC Capital Markets, and TD Securities
Read the original news release →

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