(Source: Shutterstock)
North American midstream company Pembina Pipeline Corp. completed its redemption of $150 million (US$110.05 million) aggregate principal amount of its series 19 senior unsecured medium-term notes for cash on July 6, according to a July 8 press release.
The redemption is part of Pembina’s outstanding $300 million (US$220.04 million) aggregate principal amount of senior unsecured medium-term, series 19 notes due June 22, 2026.
The subject notes were redeemed at a redemption price of approximately $1,002.19 per $1,000 principal amount of subject notes.
Pembina said it funded the redemption through a portion of the net proceeds of the company’s recently completed offer of $950 million (US$ 696.8 million) aggregate principal amount of senior unsecured medium-term notes.
RELATED
Recommended Reading
Shale Outlook Eagle Ford: Sustaining the Long Plateau in South Texas
2025-01-08 - The Eagle Ford lacks the growth profile of the Permian Basin, but thoughtful M&A and refrac projects are extending operator inventories.
Shale Outlook Permian: The Once and Future King Keeps Delivering
2025-01-11 - The Permian Basin’s core is in full-scale manufacturing mode, with smaller intrepid operators pushing the basin’s boundaries further and deeper.
Birch Resources Mows Dean Sandstone for 6.5 MMbbl in 15 Months
2025-01-06 - Birch Resources has averaged 7 MMboe, 92% oil, from just 16 wells in the northern Midland Basin’s Dean Formation in an average of 15 months each, according to new Texas Railroad Commission data.
Expand Keeps Eye on Comstock’s Monster Haynesville Expansion
2024-11-18 - But while Expand Energy keeps a watchful eye on what its neighbors are doing, the current gas price is too difficult for Expand to dive into the costly far western Haynesville play itself, said Tim Beard, Expand’s vice president of drilling.
PRB’s Sage Butte Ready for M&A Across Lower 48, Maybe Canada Too
2025-01-08 - Private E&P Sage Butte Energy, which operates in the Powder River Basin, is less interested in the Permian Basin, citing the cost of entry.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.