Vermilion Energy Files Westbrick Info, Ups Term Loan

TL;DR

Vermilion Energy filed Westbrick financials and boosted its credit line. Bullish.

AI Summary

Vermilion Energy Inc. announced on January 28, 2025, the filing of financial information for Westbrick and an increase to its Term Loan Facility. The company is a foreign private issuer filing a Form 6-K report for the month of January 2025.

Why It Matters

This filing provides updated financial details for Westbrick and signals Vermilion Energy's expanded borrowing capacity, which could support future operations or acquisitions.

Risk Assessment

Risk Level: low — The filing is a routine report of financial information and an update to an existing credit facility, with no immediate negative or significantly positive financial events disclosed.

Key Players & Entities

• Vermilion Energy Inc. (company) — Registrant
• Westbrick (company) — Subsidiary/Related Entity
• January 28, 2025 (date) — Announcement Date
• 001-35829 (other) — SEC File Number

FAQ

From the Filing

0001279569-25-000085.txt : 20250128 0001279569-25-000085.hdr.sgml : 20250128 20250128092011 ACCESSION NUMBER: 0001279569-25-000085 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20250128 FILED AS OF DATE: 20250128 DATE AS OF CHANGE: 20250128 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VERMILION ENERGY INC. CENTRAL INDEX KEY: 0001293135 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 000000000 STATE OF INCORPORATION: A0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35829 FILM NUMBER: 25561222 BUSINESS ADDRESS: STREET 1: 3500, 520 - 3RD AVENUE S.W. CITY: CALGARY STATE: A0 ZIP: T2P 0R3 BUSINESS PHONE: 403-269-4884 MAIL ADDRESS: STREET 1: 3500, 520 - 3RD AVENUE S.W. CITY: CALGARY STATE: A0 ZIP: T2P 0R3 FORMER COMPANY: FORMER CONFORMED NAME: VERMILION ENERGY TRUST DATE OF NAME CHANGE: 20040607 6-K 1 vermilion6k.htm FORM 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER Pursuant to Rule 13a-16 or 15d-16 Under the Securities Exchange Act of 1934 For the month of January 2025 Commission File Number: 001-35829 Vermilion Energy Inc. (Exact name of registrant as specified in its charter) 3500, 520 – 3 rd Avenue S.W., Calgary, Alberta T2P 0R3 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☐ Form 40-F ☒ Exhibit Exhibit Description 99.1 News Release dated January 28, 2025 - Vermilion Energy Inc. Announces Filing of Westbrick Financial Information and Increase to Term Loan Facility SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. 	 	 VERMILION ENERGY INC. By: /s/ Lars Glemser Title: Lars Glemser, VP and Chief Financial Officer Date: January 28, 2025 EX-99.1 2 ex991.htm NEWS RELEASE DATED JANUARY 28, 2025 Exhibit 99.1 Vermilion Energy Inc. Announces Filing of Westbrick Financial Information and Increase to Term Loan Facility CALGARY, AB, Jan. 28, 2025 /CNW/ - Vermilion Energy Inc. ("Vermilion" or the "Company") (TSX: VET) (NYSE: VET) has filed certain financial information relating to its proposed acquisition of Westbrick Energy Ltd. on its profile on SEDAR+ (www.sedarplus.ca). In addition, the Company has received commitments and consent from lenders to increase the previously announced fully underwritten term loan maturing May 2028 from $250 million to $450 million. About Vermilion Vermilion is an international energy producer that seeks to create value through the acquisition, exploration, development and optimization of producing assets in North America, Europe and Australia. The Company's business model emphasizes free cash flow generation and returning capital to investors when economically warranted, augmented by value-adding acquisitions. Vermilion's operations are focused on the exploitation of light oil and liquids-rich natural gas conventional and unconventional resource plays in North America and the exploration and development of conventional natural gas and oil opportunities in Europe and Australia. Vermilion's priorities are health and safety, the environment, and profitability, in that order. Nothing is more important than the safety of the public and those who work with Vermilion, and the protection of the natural surroundings. In addition, the Company emphasizes strategic community investment in each of its operating areas. Vermilion trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET. View original content to download multimedia:https://www.prnewswire.com/news-releases/vermilion-energy-inc-announces-filing-of-westbrick-financial-information-and-inc