General
Pembina Pipeline Funding 2015 with $225 MM Offering
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Closing Announcement - April 10, 2015
Pembina Pipeline Corporation has announce that it has closed its previously announced public offering of cumulative redeemable rate reset class A preferred shares, Series 9 for aggregate gross proceeds of $225 million.
The Offering was announced on March 31, 2015 when Pembina entered into an agreement with a syndicate of underwriters co-led by Scotiabank and RBC Capital Markets. A total of 9,000,000 Series 9 Preferred Shares, which includes 1,000,000 Series 9 Preferred Shares issued pursuant to the partial exercise of the underwriters' option, were sold under the Offering.
Proceeds from the Offering will be used to reduce indebtedness under the Company's credit facilities, which indebtedness was incurred in connection with Pembina's 2015 capital…
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