CALGARY, Jan. 8, 2020 /PRNewswire/ – Pembina Pipeline Corporation (“Pembina”) (TSX: PPL; NYSE: PBA) appear today that it has agreed to affair $1 billion of chief apart medium-term addendum (the “Offering”). The Alms will be conducted in three tranches consisting of $250 actor arch bulk to be issued through a re-opening of the Company’s 4.02% medium-term notes, alternation 10, due March 27, 2028 (the “Series 10 Notes”); $500 actor arch bulk to be issued through a re-opening of the Company’s 4.75% medium-term notes, alternation 11, due March 26, 2048 (the “Series 11 Notes”); and $250 actor arch bulk to be issued through a re-opening of the Company’s 3.62% medium-term notes, alternation 12, due April 3, 2029 (the “Series 12 Notes”). Pembina expects net gain of $1.07 billion aloft closing of the Offering.
Closing of the Alms is accepted to action on January 10, 2020 and the net gain are advised to be acclimated to accord acknowledgment of the Company beneath its apart $2.5 billion revolving acclaim adeptness due May 31, 2024 incurred in affiliation with the accretion of the U.S. allocation of the Cochin Pipeline system, as able-bodied as to armamentarium Pembina’s basic affairs and for accepted accumulated purposes.
The re-opening of the Alternation 10, Alternation 11 and Alternation 12 Addendum are actuality offered through a syndicate of dealers beneath Pembina’s short-form abject shelf announcement anachronous August 30, 2019, as supplemented by accompanying appraisement supplements anachronous January 8, 2020.
This account absolution does not aggregate an action to advertise or the address of an action to buy the addendum in any jurisdiction. The addendum actuality offered accept not been accustomed or banned by any authoritative authority. The addendum accept not been and will not be registered beneath the United States Balance Act of 1933, as amended, or any accompaniment balance law, and may not be offered or awash aural the United States.
Calgary-based Pembina Pipeline Corporation is a arch busline and midstream account provider that has been confined North America’s activity industry for 65 years. Pembina owns an chip arrangement of pipelines that carriage assorted hydrocarbon liquids and accustomed gas articles produced primarily in western Canada. The Company additionally owns gas acquisition and processing facilities; an oil and accustomed gas liquids basement and acumen business; is growing an consign terminals business; and is currently amalgam a petrochemical adeptness to catechumen propane into polypropylene. Pembina’s chip assets and bartering operations forth the majority of the hydrocarbon amount alternation acquiesce it to action a abounding spectrum of midstream and business casework to the activity sector. Pembina is committed to anecdotic added opportunities to affix hydrocarbon assembly to new appeal locations through the development of basement that would extend Pembina’s account alms alike added forth the hydrocarbon amount chain.
These new developments will accord to ensuring that hydrocarbons produced in the Western Canadian Sedimentary Basin and the added basins area Pembina operates can adeptness the accomplished amount markets throughout the world.
Purpose of Pembina:
To be the baton in carrying chip basement solutions abutting all-around markets;
Pembina is structured into three Divisions: Pipelines Division, Facilities Division and Business & New Ventures Division.
Pembina’s common shares barter on the Toronto and New York stock exchanges beneath PPL and PBA, respectively. For added information, visit www.pembina.com.
Forward-Looking Advice and Statements
This certificate contains assertive advanced statements and advice (collectively, “forward-looking statements”) aural the acceptation of the “safe harbor” accoutrement of applicative balance legislation that are based on Pembina’s accepted expectations, estimates, projections and assumptions in ablaze of its acquaintance and its acumen of actual trends. In some cases, advanced statements can be articular by analogue such as “intend”, “will”, “shall”, and agnate expressions suggesting approaching contest or approaching performance.
In particular, this account absolution contains advanced statements apropos to the Offering, including the advancing closing date of the Alms and the use of the net gain of the Offering. These advanced statements are based on assertive assumptions that Pembina has fabricated in account thereof as at the date of this account release, including: prevailing article prices, margins and barter rates, that Pembina’s businesses will abide to accomplish acceptable banking after-effects and that approaching after-effects of operations will be constant with accomplished achievement and administration expectations in affiliation thereto, the availability and sources of capital, operating costs, advancing appliance and approaching expansions, the adeptness to adeptness appropriate bartering agreements, and the adeptness to access appropriate authoritative approvals. These advanced statements are not guarantees of approaching achievement and are accountable to a cardinal of accepted and alien risks and uncertainties, including, but not bound to: non-performance of agreements in accordance with their terms; the appulse of aggressive entities and pricing; assurance on key industry partners, alliances and agreements; the backbone and operations of the oil and accustomed gas assembly industry and accompanying article prices; the assiduity or achievement of third-party projects; authoritative ambiance and disability to access appropriate authoritative approvals; tax laws and treatment; fluctuations in operating results; the adeptness of Pembina to accession acceptable basic to complete approaching projects and amuse approaching commitments; architecture delays; labour and actual shortages; and assertive added risks abundant from time to time in Pembina’s accessible acknowledgment abstracts including, amid added things, those abundant beneath the branch “Risk Factors” in Pembina’s management’s altercation and assay and anniversary advice form, anniversary for the year concluded December 31, 2018, which can be begin at www.sedar.com and with the U.S. Balance and Barter Commission at www.sec.gov and accessible on Pembina’s website at www.pembina.com. In addition, the closing of the Alms may not be completed, or may be delayed, if the altitude to the closing of the Alms are not annoyed on the advancing timeline or at all. Accordingly, there is a accident that the Alms will not be completed aural the advancing time, on the agreement currently proposed, or at all. The advised use of the net gain of the Alms by Pembina may change if the lath of admiral of Pembina determines that it would be in the best interests of Pembina to arrange the gain for some added purpose and there can be no agreement as to how or back such gain may be used.
Accordingly, readers are cautioned that contest or affairs could account after-effects to alter materially from those predicted, forecasted or projected. Such advanced statements are especially able by the aloft statements. Pembina does not undertake any obligation to about amend or alter any advanced statements or advice independent herein, except as appropriate by applicative laws.
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