MEG Energy Corp. announced the pricing of its previously announced private offering of USD 750 million in aggregate principal amount of new senior secured notes due 2025. The Secured Notes will initially be issued through a wholly-owned subsidiary of MEG. The Secured Notes will bear interest at a rate of 6.50%. MEG intends to use the net proceeds, together with cash on hand, to finance the redemption of all of its outstanding 6.50% Senior Notes due March 15, 2021. The closing of the offering, which is subject to certain previously announced refinancing transactions and customary conditions, is expected to occur on January 27, 2017.