Gibson Energy to pay down all revolver borrowings via notes offering

By Tali Rackner

Norfolk, Va., June 9 – Gibson Energy Inc. plans to repay all outstanding debt under its existing revolving credit facility, excluding letters of credit, with the proceeds from new note offerings, according to a press release.

The remaining net proceeds will be used to fund planned capital expenditures and for general corporate purposes.

Gibson is a Calgary, Alta.-based independent midstream operator.

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