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Pembina closes US$500 million public note offering

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World Pipelines,

Pembina Pipeline Corporation (Pembina) has recently announced that it has closed its offering of US$500 million of senior unsecured medium-term notes. The notes carry a fixed coupon of 3.71% per annum and mature on 11 August 2026.

The offering was announced on 8 August 2016 and the Series 7 notes were offered through a syndicate of dealers under Pembina's short form base shelf prospectus, dated 18 March 2015, as supplemented by a prospectus supplement dated 11 June 2015 and a related pricing supplement dated 8 August 2016.

The net proceeds will be used to repay the short-term indebtedness of the company under its credit facilities, as well as to fund Pembina's capital programme.

The notes being offered have not yet been approved or disapproved by any regulatory authority. The notes have not and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws and may not be offered or sold within the United States unless an exemption from the registration requirements of the US Securities Act is available.

Adapted from press release by Anna Nicklin

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