By Wendy Van Sickle
Columbus, Ohio, Sept. 12 – Gibson Energy Inc. priced a C$500 million issue of 3.6% 10-year senior notes on Thursday, according to a news release.
CIBC Capital Markets and RBC Capital Markets were the joint bookrunners.
The Calgary, Alta.-based midstream energy company plans to use the proceeds to repurchase its existing C$300 million of 5.375% senior notes due July 15, 2022, to repay revolving credit facility borrowings and for general corporate purposes.
| Issuer: | Gibson Energy Inc.
|
| Amount: | C$500 million
|
| Maturity: | July 15, 2029
|
| Securities: | Senior notes
|
| Joint bookrunners: | CIBC Capital Markets and RBC Capital Markets
|
| Coupon: | 3.6%
|
| Trade date: | Sept. 12
|
| Settlement date: | Sept. 17
|
© 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.
