Whitecap Resources Inc. announced that it has successfully closed the previously announced offering of $400 million aggregate principal amount of senior unsecured notes due November 1, 2029 (the "Notes"). The Notes have been issued at par for gross proceeds of $400 million and will bear interest at a fixed rate of 4.382% per annum. The net proceeds will be used to repay existing indebtedness.

The Notes have also been assigned a rating of BBB (low), with a stable trend, by Morningstar DBRS.