Latham & Watkins Advises Royal Bank of Canada and The Toronto-Dominion Bank in Connection With Vermilion Energy’s US$1.075 Billion Acquisition of Westbrick Energy

Vermilion Energy Inc. (Vermilion) (TSX: VET) (NYSE: VET) announced it has entered into an arrangement agreement to acquire Westbrick Energy Ltd., a privately held oil and gas company operating in the Alberta Deep Basin, for total consideration of US$1.075 billion by way of a plan of arrangement under the Alberta Business Corporations Act (the Acquisition), expected to close in Q1 2025.

The Acquisition will be funded through Vermilion's undrawn US$1.35 billion revolving credit facility. In connection with the Acquisition, Vermilion has also entered into a new fully underwritten US$250 million term loan maturing May 2028 through a debt commitment letter with The Toronto-Dominion Bank (together with its affiliates, TD) and a new fully underwritten US$300 million bridge facility through a debt commitment letter with Royal Bank of Canada (together with its affiliates, RBC) and TD.

Latham & Watkins LLP represents RBC and TD in the bridge loan facility with a corporate team led by Austin partners David Miller, Mollie Duckworth, and Michael Chambers, with Los Angeles associate Tristan Schmoor.