Pembina Pipeline Corporation announces $600 million public note offering

Pembina Pipeline Corporation announced that it has agreed to issue $600 million of senior unsecured medium-term notes. The Offering will be conducted in two tranches consisting of $350 million principal amount through the re-opening of the Company’s 2.99% medium-term notes, series 8, due January 22, 2024 (the “Series 8 Notes”) and $250 million principal amount through the re-opening of the Company’s 4.74% medium-term notes, series 9, due January 21, 2047 (the “Series 9 Notes”).

Closing of the Offering is expected to occur on August 16, 2017 and the net proceeds will be used to repay short-term indebtedness of the Company under its credit facilities, as well as to fund Pembina’s capital program and for other general corporate purposes.

The Series 8 Notes and Series 9 Notes are being offered through a syndicate of dealers under Pembina’s short-form base shelf prospectus dated July 27, 2017, as supplemented by a related pricing supplement dated August 14, 2017.

This news release does not constitute an offer to sell or the solicitation of an offer to buy the notes in any jurisdiction. The notes being offered have not been approved or disapproved by any regulatory authority. The notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and may not be offered or sold within the United States unless an exemption from the registration requirements of the U.S. Securities Act is available.

Image Source: Pembina Pipeline Corporation