On June 17, 2025, ARC Resources Ltd. ("ARC") officially closed its offering of C$1.0 billion aggregate principal amount of senior unsecured notes. The offering is composed of two tranches:

• C$550 million of 3.577 percent senior unsecured notes, Series 3, due 2028

• C$450 million of 4.409 percent senior unsecured notes, Series 4, due 2032

The notes are rated BBB with a Stable trend by DBRS Morningstar and are structured as direct, senior unsecured obligations ranking pari passu with all other unsecured and unsubordinated debt of the company.

Proceeds from the offering, combined with a previously announced committed term loan and ARC’s existing credit facilities, will fund the acquisition of the Kakwa Assets from Strathcona Resources Ltd., under a definitive agreement announced on May 14, 2025. Any remaining funds will go toward general corporate purposes.

The offering was conducted through a syndicate of agents co-led by RBC Capital Markets, CIBC Capital Markets, TD Securities, and Scotiabank.