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Pembina Pipeline Corporation Announces Closing of $1 Billion Public Note Offering
Pembina Pipeline Corporation Announces Closing of $1 Billion Public Note Offering ...
About this update from Pembina Pipeline Corporation
[{"type":"text","content":"\n\n\n\nPembina Pipeline Corporation Announces Closing of $1 Billion Public Note Offering\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Jan. 10, 2020\n\n\n\nCALGARY, Jan. 10, 2020 /CNW/ - Pembina Pipeline Corporation (\"Pembina\" or the \"Company\") (TSX: PPL; NYSE: PBA) is pleased to announce that it has closed its previously announced offering of $1 billion of senior unsecured medium-term notes (the \"Offering\"). The Offering was conducted in three tranches consisting of $250 million principal amount issued through a re-opening of the Company's 4.02% medium-term notes, series 10, due March 27, 2028 (the \"Series 10 Notes\"); $500 million principal amount issued through a re-opening of the Company's 4.75%  medium-term notes, series 11, due March 26, 2048 (the \"Series 11 Notes\"); and $250 million principal amount issued through a re-opening of the Company's 3.62% medium-term notes, series 12, due April 3, 2029 (the \"Series 12 Notes\").  The gross proceeds of the Offering were $1.07 billion.\nThe net proceeds will be used to repay indebtedness of the Company under its unsecured $2.5 billion revolving credit facility due May 31, 2024 incurred in connection with the acquisition of the U.S. portion of the Cochin Pipeline system, as well as to fund Pembina's capital program and for general corporate purposes.\nThe re-opening of the Series 10, Series 11 and Series 12 Notes was offered through a syndicate of dealers under Pembina's short-form base shelf prospectus dated August 30, 2019, as supplemented by related pricing supplements dated January 8, 2020.  \nThis news release does not constitute an offer to sell or the solicitation of an offer to buy the notes in any jurisdiction. The notes being offered have not been approved or disapproved by any regulatory authority. The notes have not been 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.\nAbout Pembina\nCalgary-based Pembina Pipeline Corporation is a le...