Business
Gibson Energy Inc. announces closing of initial public offering and debt refinancing
Jun. 15, 2011 (Canada NewsWire Group) -- /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR ...
About this update from Gibson Energy Inc.
[{"type":"text","content":"\n\n\n Jun. 15, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n THE UNITED STATES/\n\n\nCALGARY, June 15, 2011 /CNW/ - Gibson Energy Inc. ("Gibson") is pleased\n to announce that it has closed its initial public offering (the "IPO")\n of 31,250,000 common shares at a price of $16.00 per share for gross\n proceeds of $500 million.\n\n\nThe IPO was made through a syndicate of underwriters co-led by BMO\n Nesbitt Burns Inc., Scotia Capital Inc. and J.P. Morgan Securities\n Canada Inc., and including TD Securities Inc., RBC Dominion Securities\n Inc., Citigroup Global Markets Canada Inc., FirstEnergy Capital Corp.\n and UBS Securities Canada Inc.\n\n\nThe underwriters have been granted an over-allotment option to purchase\n up to an additional 4,687,500 common shares from R/C Guitar Coöperatief\n U.A, the selling shareholder under Gibson's supplemented PREP\n prospectus.  Gibson will not receive any proceeds from the sale of\n shares on the exercise of the over-allotment option.\n\n\nGibson's common shares are listed on the Toronto Stock Exchange under\n the symbol "GEI".\n\n\nConcurrently with the closing of the IPO, Gibson has closed a series of\n transactions to refinance its existing indebtedness.  As part of the\n debt refinancing, Gibson's subsidiary Gibson Energy ULC ("GE ULC")\n entered into new senior secured credit facilities consisting of a ter...