Sunshine Oilsands Ltd. Closes US$200 Million Senior Secured Notes

Carter Ledyard client Sunshine Oilsands Ltd. (HKEX: 2012, TSX: SUO) announced the closing of US$200 million of 10% senior secured notes issued at a price of US$938.01 per US$1,000 principal amount. The Notes were offered in Canada and in the United States on a private placement basis through a syndicate of underwriters led by Imperial Capital, LLC (as sole physical book-runner) and Morgan Stanley & Co., LLC and Scotia Capital (USA) Inc. (as joint book-running managers). The proceeds from this closing will provide Sunshine with sufficient funds to complete facilities to support steam injection and production from initial eight horizontal well pairs in the West Ells Project Area.
Sunshine was represented by partners Guy P. Lander, James Gadsden, and Andris J. Vizbaras and associates Guy Ben-Ami, Brandon J. Isaacson, Christine Y. Jung, and Emily K. Sheahan.

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