Pembina closes million dollar public note offering
Published by Stephanie Roker,
Editor
World Pipelines,
Pembina Pipeline Corporation (Pembina) is pleased to announce that it has closed its previously announced offering of US$600 million of senior unsecured medium term notes (the offering).
The offering was conducted in two tranches consisting of US$350 million principal amount through the reopening of the company's 2.99% medium term notes, series 8, due 22 January 2024 (series 8 notes) and US$250 million principal amount through the re-opening of the company's 4.74% medium term notes, series 9, due 21 January 2047 (series 9 notes).
The offering was announced on 14 August 2017. The series 8 notes and series 9 notes were offered through a syndicate of dealers under Pembina's short-form base shelf prospectus dated 27 July 2017, as supplemented by a related pricing supplement dated 14 August 2017.
The net proceeds will be used to repay short-term indebtedness of the company under its credit facilities, as well as to fund Pembina's capital programme and for other general corporate purposes.
Read the article online at: https://www.worldpipelines.com/business-news/21082017/pembina-closes-million-dollar-public-note-offering/
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