(Source: Shutterstock)
North American midstream company Pembina Pipeline Corp. completed its redemption of $150 million (US$110.05 million) aggregate principal amount of its series 19 senior unsecured medium-term notes for cash on July 6, according to a July 8 press release.
The redemption is part of Pembina’s outstanding $300 million (US$220.04 million) aggregate principal amount of senior unsecured medium-term, series 19 notes due June 22, 2026.
The subject notes were redeemed at a redemption price of approximately $1,002.19 per $1,000 principal amount of subject notes.
Pembina said it funded the redemption through a portion of the net proceeds of the company’s recently completed offer of $950 million (US$ 696.8 million) aggregate principal amount of senior unsecured medium-term notes.
RELATED
Recommended Reading
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.