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Pembina Pipeline Corporation Announces $700 Million Public Note Offering
Pembina Pipeline Corporation Announces $700 Million Public Note Offering Canada Ne...
About this update from Pembina Pipeline Corporation
[{"type":"text","content":"\n\n\n\nPembina Pipeline Corporation Announces $700 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, March 22, 2018\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S./\n\n\n\nCALGARY, March 22, 2018 /CNW/ - Pembina Pipeline Corporation (\"Pembina\" or the \"Company\") (TSX: PPL, NYSE: PBA) announced today that it has agreed to issue $700 million of senior unsecured medium-term notes (the \"Offering\"). The Offering will be conducted in two tranches consisting of $400 million in senior unsecured medium-term notes, series 10 (the \"Series 10 Notes\") having a fixed coupon of 4.02% per annum, paid semi-annually, and maturing on March 27, 2028, and $300 million in senior unsecured medium-term notes, series 11 (the \"Series 11 Notes\") having a fixed coupon of 4.75% per annum, paid semi-annually, and maturing on March 26, 2048.\n\nClosing of the Offering is expected to occur on March 26, 2018 and 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 program and for general corporate purposes.\n\nThe Series 10 Notes and Series 11 Notes are being offered through a syndicate of dealers under Pembina's short-form base shelf prospectus dated July 27, 2017 as supplemented by related pricing supplements dated March 22, 2018. \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 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 (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 servin...