Finance & Investing | General | Debt | Capital Markets
Pembina to Offer $600 Million in Senior Notes
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Pembina Pipeline Corporation has agreed to offer $600 million of senior unsecured medium-term notes. The notes have a fixed coupon of 4.81% per annum, paid semi-annually, and will mature on March 25, 2044 .
Closing of the offering is expected to occur on April 4, 2014 and the net proceeds will be used by the Company for the repayment of certain long term debt of the Company upon maturity, as well as to fund the Company's capital program and for other general corporate purposes.
The notes are being offered through a syndicate of dealers under Pembina's short-form base shelf prospectus dated February 22, 2013 , a related prospectus supplement dated April 24, 2013 and a related pricing supplement dated April 1, 2014 .