An anonymous director reports

ARC RESOURCES LTD. ANNOUNCES THE CLOSING OF ITS OFFERING OF SENIOR UNSECURED NOTES

ARC Resources Ltd. has closed its offering of $1.0-billion aggregate principal amount of senior unsecured notes, consisting of $550-million aggregate principal amount of 3.577 per cent senior unsecured notes, Series 3, due 2028, and $450-million aggregate principal amount of 4.409 per cent senior unsecured notes, Series 4, due 2032. DBRS Morningstar has assigned a rating of BBB with a stable trend to the notes.

ARC intends to use the net proceeds of the offering, together with the previously announced committed term loan and drawings under ARC's existing credit facilities, to purchase the Kakwa assets from Strathcona Resources Ltd. pursuant to the definitive agreement announced on May 14, 2025, and the balance remaining, if any, will be used for general corporate purposes. The transaction is expected to close in early July of 2025.

The notes are direct, senior unsecured obligations of ARC, and rank equally and pari passu with all other existing and future unsecured and unsubordinated indebtedness of the company.

The notes were offered through a syndicate of agents co-led by RBC Capital Markets, CIBC Capital Markets, TD Securities and Scotiabank.

Credit ratings

Credit ratings are intended to provide investors with an independent measure of credit quality of an issue of securities. Credit ratings are not recommendations to purchase, hold or sell securities, and do not address the market price or suitability of a specific security for a particular investor. There is no assurance that any rating will remain in effect for any given period of time or that any rating will not be revised or withdrawn entirely by a rating agency in the future if, in its judgment, circumstances so warrant.

About ARC Resources Ltd.

ARC Resources is a pure-play Montney producer and one of Canada's largest dividend-paying energy companies, featuring low-cost operations. ARC's investment-grade credit profile is supported by commodity and geographic diversity and robust risk management practices around all aspects of the business. ARC's common shares trade on the Toronto Stock Exchange under the symbol ARX.

We seek Safe Harbor.