Pembina Pipeline plans to pay down facility with C$1.5 billion new issue

By Wendy Van Sickle

Columbus, Ohio, Sept. 9 – Pembina Pipeline Corp. announced that it plans to repay debt under under its C$1 billion non-revolving term loan due March 2021 with proceeds of a three-part offering of C$1.5 billion of senior medium-term notes.

Proceeds will additionally be used to fund the company’s capital program and for general corporate purposes.

Pembina is a Calgary, Alta.-based pipeline operator.

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