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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.
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