By Wendy Van Sickle
Columbus, Ohio, April 1 – Pembina Pipeline Corp. sold C$800 million of senior medium-term notes (BBB//DBRS: BBB) in two tranches on Thursday, according to a news release.
Pembina Pipeline priced C$400 million of 3.62% series 12 notes due April 3, 2029 and C$400 million of 4.54% series 13 notes due April 3, 2049.
Additional pricing terms were not immediately available.
Pembina Pipeline plans to use the proceeds to repay short-term debt under its credit facilities, to fund the company’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.
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| Amount: | C$800 million
|
| Securities: | Senior medium-term notes
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| Pricing date: | April 1
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| Settlement date: | April 3
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| Ratings: | S&P: BBB
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| DBRS: BBB
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| Distribution: | Canada
|
|
|
| Series 12 notes
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| Amount: | C$400 million
|
| Maturity: | April 3, 2029
|
| Coupon: | 3.62%
|
|
|
| Series 13 notes
|
| Amount: | C$400 million
|
| Maturity: | April 3, 2049
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| Coupon: | 4.54%
|
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