BRIEF-Baytex to buy Aurora Oil & Gas for $2.6 bln, including debt

Feb 6 (Reuters) - Baytex Energy Corp BTE.TO :

* Announces strategic $2.6 billion acquisition of Aurora Oil & Gas $1.3 billion

bought deal financing and 9% dividend increase upon completion of acquisition

* Deal value assumed debt of approximately $744 million

* Says Baytex has committed to increase the monthly dividend on its common

shares by 9% to $0.24 from $0.22 per share

* Deal for AUD 4.10 per share

* Says deal "is a highly accretive transaction on a per share basis to

reserves, production, and funds"from operations

* Entered into a $1.3 billion bought deal subscription receipt financing with a

syndicate of underwriters

* Says will increase revolving credit facilities from $850 million to $1.0

billion and will add a $200 million term loan

* Baytex is financing the acquisition through a combination of the equity

financing,draws on revolving and term credit facilities

* All figures in c$

* Source text for Eikon News Search ID:nMKWR67BJa

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