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CALGARY, Alberta–(BUSINESS WIRE)– Pembina Pipeline Corporation (“Pembina” or the “Company”) ( TSX: PPL ; NYSE: PBA ) announced today that it has agreed to issue $500 million aggregate principal amount of senior unsecured medium-term notes (the “Offering”). The Offering will be conducted in three tranches consisting of $300 million principal amount of senior unsecured medium-term notes, series 19 (the “Series 19 Notes”) having a fixed coupon of 5.72% per annum, paid semi-annually, and maturing on June 22, 2026; $100 million principal amount to be issued through a re-opening of the Company’s senior unsecured medium-term notes, series 5 (the “Series 5 Notes”) having a fixed coupon of 3.54% per annum, paid semi-annually, and maturing on February 3, 2025; and $100 million principal amount to be issued through a re-opening of the Company’s senior unsecured medium-term notes, series 6 (the “Series 6 Notes”) having a fixed coupon of 4.24% per annum, paid semi-annually, and maturing on June 15, 2027. Closing of the Offering is expected to occur on June 22, 2023 and the net proceeds are intended to be used to repay indebtedness of the Company under its unsecured $1.5 billion revolving credit facility, as well as for general corporate purposes. […]
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