Pembina Pipeline Corp.
Description
Closed an offering of senior unsecured medium-term notes conducted in two tranches consisting of $400 million in series 16 notes with a fixed coupon of 4.67% per annum, paid semi-annually, and maturing 2050 and $100 million issued through a reopening of 3.71% medium-term notes, series 7, due 2026. Proceeds will be used to repay indebtedness under its unsecured revolving credit facility due 2024 incurred in connection with the acquisition of the U.S. portion of the Cochin Pipeline system, fund capital program and for general corporate purposes.