CALGARY, April 14 /CNW/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") is pleased to announce that it has closed a private placement of long-term debt in the form of senior guaranteed notes to a group of institutional investors. The notes issued pursuant to the private placement are unsecured and rank equally with Crescent Point's obligations under its bank facilities. In total, US$165 million and CDN$50 million was raised through four separate series of notes under various terms and rates as described in the table below.

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    Amount             Term                                Coupon Rate
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    US$52 million      5-year term repayable in 2016          3.93%
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    US$31 million      7-year term repayable in 2018          4.58%
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    US$82 million      10-year term repayable in 2021         5.13%
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    CDN$50 million     10-year term repayable in 2021         5.528%
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    >>

Proceeds from the offering were used to repay a portion of the Company's outstanding bank debt.

RBC Capital Markets acted as lead placement agent on the offering, and HSBC Securities (USA) Inc. and National Bank of Canada acted as co-placement agents.

The senior notes have not and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

http://www.theglobeandmail.com/globe-investor/news-sources/?date=20110414&archive=cnw&slug=C4155

Cheers; Scott