Pembina Pipeline mulls hybrid securities, redemption of preferreds

By Cady Vishniac

Detroit, Jan. 11 – Pembina Pipeline Corp. is considering an offering of hybrid subordinated securities under its short-form base shelf prospectus filed on Dec. 30, according to a press release.

Proceeds would go toward the redemption of the company’s cumulative redeemable minimum rate reset class A preferreds, series 11 and series 13.

Calgary, Alta.-based Pembina Pipeline is a transportation and midstream service provider to the energy industry.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.