MEG Energy Corp. announced the completion of the previously announced secondary offering of common shares held by one of its principal shareholders, WP Lexington Private Equity B.V. (WP Lex), an affiliate of Warburg Pincus LLC, pursuant to which WP Lex sold 5,000,000 common shares of the Company (the "Common Shares") at a price of $31.40 per Common Share. The Company did not receive any proceeds from the offering.

The offering was conducted on an underwritten, bought deal public issue by BMO Capital Markets in all provinces and territories of Canada by way of a short form prospectus. The offering was also extended to Qualified Institutional Buyers in the United States, pursuant to the registration exemptions provided by Rule 144A of the U.S. Securities Act of 1933.

Tags: MEG Energy Corp.