By Devika Patel
Knoxville, Tenn., Jan. 17 – Pembina Pipeline Corp. sold C$600 million in two tranches of senior unsecured medium-term notes, according to a company press release.
In the first tranche, the company priced C$300 million of 2.99% series 8 notes due 2024.
Pembina Pipeline sold C$300 million of 4.74% series 9 notes due 2047.
Pembina Pipeline plans to use the proceeds from the deal to repay short-term debt under the company’s credit facilities, for Pembina's capital program and for other general corporate purposes.
The transportation and midstream service provider for the energy industry is based in Calgary, Alta.
| Issuer: | Pembina Pipeline Corp.
|
| Amount: | C$600 million
|
| Securities: | Senior unsecured medium-term notes
|
| Pricing date: | Jan. 17
|
| Settlement date: | Jan. 20
|
|
|
| Series 8 notes
|
| Amount: | C$300 million
|
| Maturity: | Jan. 22, 2024
|
| Coupon: | 2.99%
|
|
|
| Series 9 notes
|
| Amount: | C$300 million
|
| Maturity: | Jan. 21, 2047
|
| Coupon: | 4.74%
|
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