By Wendy Van Sickle
Columbus, Ohio, Dec. 9 – Gibson Energy Inc. priced a C$250 million issue of 5¼% fixed-to-fixed rate subordinated notes due Dec. 22, 2080, according to a news release on Wednesday.
CIBC Capital Markets and RBC Capital Markets were the joint bookrunners.
The Calgary, Alta.-based midstream energy company plans to use the proceeds to fund the previously announced redemption of its outstanding 5.25% convertible unsecured debentures due July 15, 2021, to reduce outstanding debt under its revolving credit facility and for general corporate purposes.
| Issuer: | Gibson Energy Inc.
|
| Amount: | C$250 million
|
| Securities: | Fixed-to-fixed rate subordinated notes
|
| Maturity: | Dec. 22, 2080
|
| Joint bookrunners: | CIBC Capital Markets and RBC Capital Markets
|
| Coupon: | 5¼%
|
| Announcement date: | Dec. 9
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
