Chicago, Dec. 8 – Pembina Pipeline Corp. sold C$1 billion of senior notes in two parts on Wednesday, according to a press release.
The company priced C$500 million of 3.53% series 17 senior notes due Dec. 10, 2031.
The company also sold C$500 million 4.49% series 18 senior notes due Dec. 10, 2051.
Proceeds are expected to be used to repay debt under the company’s C$2.5 billion revolver, and for general corporate purposes.
The transportation and midstream service provider for the energy industry is based in Calgary, Alta.
| Issuer: | Pembina Pipeline Corp.
|
| Amount: | C$1 billion
|
| Issue: | Senior notes
|
| Trade date: | Dec. 8
|
| Settlement date: | Dec. 10
|
| Distribution: | Canada
|
|
|
| 2031 notes
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| Amount: | C$500 million
|
| Issue: | Series 17 senior notes
|
| Maturity: | Dec. 10, 2031
|
| Coupon: | 3.53%
|
|
|
| 2051 notes
|
| Amount: | C$500 million
|
| Issue: | Series 18 senior notes
|
| Maturity: | Dec. 10, 2051
|
| Coupon: | 4.49%
|
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