Finance & Investing | General | Capital Markets | Capital Expenditure

Pembina Pipeline Funds Capital Program with $600 MM Note Offering

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   |    Friday,June 12,2015

Pembina Pipeline Corporation has announced that it has agreed to offer $600 million of senior unsecured medium-term notes.

The Offering will be conducted in two tranches consisting of $500 million in senior unsecured medium-term notes, series 6 having a fixed coupon of 4.24 percent per annum, paid semi-annually, and maturing on June 15, 2027, and $100 million principal amount through the re-opening of the Company's 4.75 percent medium-term notes, series 3, due April 30, 2043.

Closing of the Offering is expected to occur on June 16, 2015 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 3 Notes and Series 6 Notes are being offered through a syndicate of dealers under Pembina's short-form base shelf prospectus dated March 18, 2015, and a related prospectus supplement dated June 11, 2015.

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.