Pembina Pipeline Corp. closed its public offering of Class A Series 11 preferred shares for CA$170 million in gross proceeds, the company said Jan. 15.
Proceeds will reduce debts under the credit facilities and support capex and working capital requirements for the 2016 capital program.
The offer was announced Jan. 6, when Pembina entered an agreement with a syndicate of underwriters led by Scotiabank, BMO Capital Markets and RBC Capital Markets. A total of 6.8 million shares, including the 800,000 shares for the partial exercise of the underwriters' option, were sold.
The shares began trading on the Toronto Stock Exchange under the ticker “PPL.PR.K.”
Pembina Pipeline Corp. is based in Calgary, Alberta.
Recommended Reading
ShearFRAC, Drill2Frac, Corva Collaborating on Fracs
2024-03-05 - Collaboration aims to standardize decision-making for frac operations.
Exclusive: Carbo Sees Strong Future Amid Changing Energy Landscape
2024-03-15 - As Carbo Ceramics celebrates its 45th anniversary as a solutions provider, Senior Vice President Max Nikolaev details the company's five year plan and how it is handling the changing energy landscape in this Hart Energy Exclusive.
Remotely Controlled Well Completion Carried Out at SNEPCo’s Bonga Field
2024-02-27 - Optime Subsea, which supplied the operation’s remotely operated controls system, says its technology reduces equipment from transportation lists and reduces operation time.
Exxon Versus Chevron: The Fight for Hess’ 30% Guyana Interest
2024-03-04 - Chevron's plan to buy Hess Corp. and assume a 30% foothold in Guyana has been complicated by Exxon Mobil and CNOOC's claims that they have the right of first refusal for the interest.
E&P Highlights: March 25, 2024
2024-03-25 - Here’s a roundup of the latest E&P headlines, including a FEED planned for Venus and new contract awards.