Gibson Energy to pay down revolver borrowings via note offering

By Wendy Van Sickle

Columbus, Ohio, Sept. 12 – Gibson Energy Inc. plans to pay down its revolving credit facility debt with some proceeds of an offering of C$500 million of 3.6% senior notes due 2029, according to a press release.

The remaining net proceeds will be used to repurchase the company’s existing C$300 million of 5.375% senior notes due July 15, 2022 and for general corporate purposes.

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

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