Vermilion sets price for $400 million notes offering

This announcement does not constitute an offer to sell or a solicitation of an offer to buy any securities. Vermilion’s business model focuses on free cash flow generation and returning capital to investors, supplemented by strategic acquisitions. The company prioritizes health and safety, environmental stewardship, and profitability, maintaining a strong free cash flow yield of 25% and a current dividend yield of 3.48%. This news is based on a press release statement from Vermilion Energy Inc (TSX:VET). For comprehensive analysis and detailed insights, investors can access Vermilion’s complete Pro Research Report, available exclusively on InvestingPro, along with reports for 1,400+ other top stocks.

This announcement does not constitute an offer to sell or a solicitation of an offer to buy any securities. Vermilion’s business model focuses on free cash flow generation and returning capital to investors, supplemented by strategic acquisitions. The company prioritizes health and safety, environmental stewardship, and profitability, maintaining a strong free cash flow yield of 25% and a current dividend yield of 3.48%. This news is based on a press release statement from Vermilion Energy Inc. For comprehensive analysis and detailed insights, investors can access Vermilion’s complete Pro Research Report, available exclusively on InvestingPro, along with reports for 1,400+ other top stocks.

The new notes will not be registered under the U.S. Securities Act of 1933 and cannot be offered or sold in the United States without registration or an exemption from these requirements. Similarly, they will not be qualified for sale to the public under Canadian securities laws. The offering will target institutional "accredited investors" in certain Canadian provinces and "qualified institutional buyers" in the United States, as well as certain non-U.S. persons in transactions outside the United States.

Vermilion’s forward-looking statements indicate that the offering and its terms are based on assumptions and factors considered reasonable by the company, but there is no guarantee that these expectations will be met. The company has cautioned that the forward-looking statements involve risks and uncertainties, and actual results could differ materially. Risks include potential failure to obtain necessary consents and approvals, or to close the offering or the Westbrick Acquisition as planned.

This announcement does not constitute an offer to sell or a solicitation of an offer to buy any securities. Vermilion’s business model focuses on free cash flow generation and returning capital to investors, supplemented by strategic acquisitions. The company prioritizes health and safety, environmental stewardship, and profitability, maintaining a strong free cash flow yield of 25% and a current dividend yield of 3.48%. This news is based on a press release statement from Vermilion Energy Inc. For comprehensive analysis and detailed insights, investors can access Vermilion’s complete Pro Research Report, available exclusively on InvestingPro, along with reports for 1,400+ other top stocks.

In other recent news, Vermilion Energy Inc. has announced a series of notable developments. The company reported a 7% year-over-year increase in production and a 19% quarter-over-quarter rise in fund flows in its Q3 2024 earnings report, driven by strong European gas prices. Vermilion also unveiled its 2025 budget, which includes a capital expenditure plan of $600 to $625 million. This budget aims to support a production guidance of 84,000 to 88,000 barrels of oil equivalent per day.

The company has also announced its intention to issue up to US$400 million in senior unsecured notes. The proceeds from this offering may be used to fund several potential uses, including acquisitions and repayment of existing notes. In line with this, Vermilion has entered into an agreement to acquire Westbrick Energy Ltd. for $1.075 billion, a move expected to improve its operational scale and full-cycle margins in the Deep Basin.

These recent developments reflect Vermilion’s ongoing commitment to growth and shareholder value. The company’s executives have outlined a hedging strategy, with 50% of production hedged for 2024 and 2025, and 40% for 2026. Furthermore, Vermilion has announced an 8% increase in its quarterly cash dividend, demonstrating its commitment to return capital to shareholders. These developments signal a continued focus on strategic growth and financial stability for Vermilion.

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