PBA - Pembina Pipeline announces $500M senior notes

2023-06-21 06:34:02 ET

Pembina Pipeline ( NYSE: PBA ) will issue $500M senior unsecured medium-term notes .

The offering will be conducted in three tranches consisting of $300M senior unsecured medium-term notes, series 19 having a fixed coupon of 5.72% per annum, paid semi-annually, and maturing on June 22, 2026; $100M through a re-opening of the company's senior unsecured medium-term notes, series 5 having a fixed coupon of 3.54% per annum, paid semi-annually, and maturing on February 3, 2025; and $100M issued through a re-opening of the company's senior unsecured medium-term notes, series 6 having a fixed coupon of 4.24% per annum, paid semi-annually, and maturing on June 15, 2027.

Closing expected on June 22, 2023.

Net proceeds are intended to be used to repay indebtedness of the company under its unsecured $1.5B revolving credit facility, as well as for general corporate purposes.

For further details see: