Pembina Pipeline Corp. - 2016-01-15
Description
Closed public offering of Class A Series 11 preferred shares. Proceeds will reduce debts under the credit facilities and support capex and working capital requirements for the 2016 capital program. Pembina entered an agreement with a syndicate of underwriters led by Scotiabank, BMO Capital Markets and RBC Capital Markets. A total of 6.8 million shares, including the 800,000 shares for the partial exercise of the underwriters' option, were sold. The shares began trading on the Toronto Stock Exchange under the ticker “PPL.PR.K.”