By Wendy Van Sickle
Columbus, Ohio, June 20 – Pembina Pipeline Corp. sold C$500 million of senior notes in three parts on Tuesday, according to a press release.
The company priced C$300 million of 5.72% series 19 senior notes due June 22, 2026.
The company sold C$100 million in a reopening of its 3.54% series 5 senior notes due Feb. 3, 2025.
The company also sold C$100 million in a reopening of its 4.24% series 6 senior notes due June 15, 2027.
Proceeds are expected to be used to repay debt under the company’s C$1.5 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$500 million
|
| Issue: | Senior notes
|
| Trade date: | June 20
|
| Settlement date: | June 22
|
| Distribution: | Canada
|
|
|
| 2026 notes
|
| Amount: | C$300 million
|
| Issue: | Series 19 senior notes
|
| Maturity: | June 22, 2026
|
| Coupon: | 5.72%
|
|
|
| 2025 reopening
|
| Amount: | C$100 million
|
| Issue: | Series 5 senior notes
|
| Maturity: | Feb. 3, 2025
|
| Coupon: | 3.54%
|
|
|
| 2027 reopening
|
| Amount: | C$100 million
|
| Issue: | Series 5 senior notes
|
| Maturity: | June 15, 2027
|
| Coupon: | 4.24%
|
|
|
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