#Canada #Calgary #Vermilion Energy #Westbrick Energy #Term Loan

Vermilion Energy Inc. Enhances Financial Stability with Westbrick Acquisition

On January 28, 2025, Vermilion Energy Inc. (TSX: VET, NYSE: VET) made an important announcement regarding its financial strategy, particularly in relation to its acquisition plans for Westbrick Energy Ltd. The company has successfully filed relevant financial information concerning this acquisition on its SEDAR+ profile, accessible at www.sedarplus.ca.

In conjunction with this filing, Vermilion has secured commitments from its lenders to augment the size of its previously announced fully underwritten term loan. This facility will now increase from $250 million to $450 million, with a maturity set for May 2028. This financial maneuver not only strengthens Vermilion's capacity for strategic acquisitions but also provides additional liquidity as it navigates through the dynamic landscape of the energy market.

About Vermilion Energy

Vermilion Energy is recognized as an international energy producer dedicated to the acquisition, exploration, and optimization of producing assets across North America, Europe, and Australia. The firm prides itself on generating free cash flow and returning value to its investors, particularly when economically viable. Notably, Vermilion’s operations focus on exploiting both light oil and natural gas resources, utilizing both conventional and unconventional extraction methods.

The company’s commitment to responsible operations is evident in its prioritization of safety, environmental stewardship, and profitability. Vermilion emphasizes the importance of maintaining a secure operational environment for both its employees and the communities it serves. This commitment extends to strategic investments that bolster local economies in each area where it operates.

With a business model that emphasizes healthy cash flow, Vermilion leverages value-accretive acquisitions to fuel its growth. The company's operational strategies revolve around minimizing costs, maximizing output, and continuously seeking innovative approaches to enhance operational efficiency.

Strategic Focus Areas

Vermilion’s operational focus includes:

• - Light Oil Production: The company invests heavily in the exploration and extraction of light oil, catering to high-demand markets.
• - Natural Gas Resources: Both conventional and unconventional practices are employed to ensure steady production of natural gas, vital for energy supply.
• - Community Engagement: Vermilion understands the importance of community relations and ensures that its investments positively impact local populations.
• - Environmental Practices: The firm is committed to sustainable operations, adhering to best practices that protect the environment while optimizing resource extraction.

The recent loan facility increase signals Vermilion's robust outlook and its strategic commitment to expanding its operational footprint. As it takes significant steps toward acquiring Westbrick Energy Ltd., the firm is poised to enhance its production capacity further, thereby solidifying its position within the competitive energy market. Investors and stakeholders can look forward to the results and impacts of these upcoming developments.

For stock traders, Vermilion Energy is active on both the Toronto Stock Exchange and the New York Stock Exchange, exchanging under the symbol VET. As it progresses through this acquisition, market observers will undoubtedly pay close attention to how these financial enhancements will play out in Vermilion's overall growth strategy.

In conclusion, Vermilion Energy Inc.’s proactive financial management and strategic growth initiatives underscore its potential to thrive in the competitive energy sector. As the company continues to expand its operations and solidify its presence within the industry, stakeholders maintain high expectations for its future endeavors.