Canadian natural resources limited prices us$1,500 million in 5 and 10 year usd notes and c$500 million in 7 year cad notes

Calgary, alberta--(newsfile corp. - december 3, 2024) - canadian natural resources limited (tsx: cnq) (nyse: cnq) ("canadian natural" or the "company") announces that on december 3, 2024, the company priced the following unsecured notes (the "notes"): note coupon principal maturity price per note yield to maturity 5 year usd notes 5.00% us$750,000,000 december 15, 2029 us$99.968 5.007% 10 year usd notes 5.40% us$750,000,000 december 15, 2034 us$99.837 5.421% 7 year cad notes 4.15% c$500,000,000 december 15, 2031 c$99.836 4.177%   the offerings are expected to close on december 6, 2024, subject to customary closing conditions. net proceeds from the sale of the notes are intended to be used for general corporate purposes and the repayment of indebtedness, including indebtedness incurred in connection with the previously announced agreement to acquire various assets from chevron canada limited.
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