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Pembina Pipeline Funds Capital Program with $600 MM Note Offering


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.

Announced Date
June 12,2015
Value  ( $MM )
600
Type
Debt
Use of Fund
General Purpose
Company
Pembina Pipeline Corp
Regions
Canada
Country
Canada