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Pembina Pipeline Corporation Announces Closing of $600 Million Public Note Offering
Pembina Pipeline Corporation Announces Closing of $600 Million Public Note Offering ...
About this update from Pembina Pipeline Corporation
[{"type":"text","content":"\n\n\n\nPembina Pipeline Corporation Announces Closing of $600 Million 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, Aug. 16, 2017\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S./\n\n\n\nCALGARY, Aug. 16, 2017 /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 $600 million of senior unsecured medium-term notes (the \"Offering\"). The Offering was conducted in two tranches consisting of $350 million principal amount through the re-opening of the Company's 2.99% medium-term notes, series 8, due January 22, 2024 (the \"Series 8 Notes\") and $250 million principal amount through the re-opening of the Company's 4.74% medium-term notes, series 9, due January 21, 2047 (the \"Series 9 Notes\").\n\nThe Offering was announced on August 14, 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 July 27, 2017, as supplemented by a related pricing supplement dated August 14, 2017.\n\nThe 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 program and for other general corporate purposes.  \n\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 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 (the \"U.S. Securities Act\"), 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 U.S. Securities Act is available.\n\nAbout Pembina \n\nCalgary-based Pembina Pipeline Corporation is a leading transportation and midstream service provider that has been serving North America's energy industry for o...