Finance & Investing | Fundraising | Capital Markets
Pembina Wraps Up $345 Million Bought-Deal Financing
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Pembina Pipeline Corporation has closed its previously announced bought deal offering of 10,148,750 common shares at a price of $34.00 per share through a syndicate of underwriters, which includes 1,323,750 common shares issued at the same price on the exercise in full of the over-allotment option granted to the underwriters. The aggregate gross proceeds from the Offering are approximately $345 million .
Pembina intends to use the net proceeds from the Offering, together with funds available under the Company's existing credit facilities to finance the purchase price for its proposed acquisition of certain natural gas processing assets from Paramount Resources.
The common shares were offered pursuant to a prospectus supplement under the short form base shelf prospectus filed by the…
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