Pembina Pipeline Corporation Announces Completion of Redemption of Series 19 Medium Term Notes
Pembina Pipeline has completed the previously announced redemption of its $150 million Series 19 medium-term notes, originally due June 22, 2026. The redemption occurred on November 17, 2024, at a price of approximately $1,023.19 per $1,000 principal amount, which includes accrued but unpaid interest. The company funded this redemption through a combination of cash on hand and its credit facility. The Series 19 Notes were initially issued under pricing supplement no. 5 dated June 20, 2023.
Pembina Pipeline ha completato il riscatto precedentemente annunciato delle sue note medium-term Series 19 da 150 milioni di dollari, originariamente in scadenza il 22 giugno 2026. Il riscatto è avvenuto il 17 novembre 2024, a un prezzo di circa 1.023,19 dollari per ogni 1.000 dollari di capitale, che include interessi maturati ma non pagati. L'azienda ha finanziato questo riscatto attraverso una combinazione di liquidità disponibile e della sua linea di credito. Le note Series 19 sono state originariamente emesse ai sensi del supplemento di prezzo n. 5 datato 20 giugno 2023.
Pembina Pipeline ha completado el canje previamente anunciado de sus bonos a mediano plazo de la Serie 19 por 150 millones de dólares, que originalmente vencían el 22 de junio de 2026. El canje se realizó el 17 de noviembre de 2024, a un precio de aproximadamente 1,023.19 dólares por cada 1,000 dólares de capital, que incluye intereses acumulados pero no pagados. La empresa financió este canje a través de una combinación de efectivo disponible y su línea de crédito. Los bonos de la Serie 19 se emitieron originalmente bajo el suplemento de precios n.º 5 fechado el 20 de junio de 2023.
펨비나 파이프라인이 1억 5천만 달러 규모의 19번 시리즈 중기 채권의 환매를 완료했습니다. 이 채권은 원래 2026년 6월 22일에 만기가 예정되어 있었습니다. 환매는 2024년 11월 17일에 이루어졌으며, 1,023.19달러의 가격으로 1,000달러의 원금에 대해 환매되었습니다. 여기에는 미지급 이자가 포함됩니다. 이 회사는 현금과 신용 시설의 조합으로 이번 환매를 자금 지원했습니다. 19번 시리즈 채권은 2023년 6월 20일자 가격 보충서 5호에 따라 처음 발행되었습니다.
Pembina Pipeline a achevé le rachat préalablement annoncé de ses notes à moyen terme série 19 d'une valeur de 150 millions de dollars, initialement échues le 22 juin 2026. Le rachat a eu lieu le 17 novembre 2024, à un prix d'environ 1 023,19 dollars pour un montant principal de 1 000 dollars, ce qui inclut les intérêts courus mais non payés. L'entreprise a financé ce rachat par une combinaison de liquidités disponibles et de sa facilité de crédit. Les notes de la série 19 ont été émises à l'origine conformément au supplément de prix n° 5 daté du 20 juin 2023.
Pembina Pipeline hat die zuvor angekündigte Rückzahlung seiner 150 Millionen Dollar schweren Serie-19-Mittelstandsanleihen, die ursprünglich am 22. Juni 2026 fällig waren, abgeschlossen. Die Rückzahlung erfolgte am 17. November 2024 zu einem Preis von etwa 1.023,19 Dollar pro 1.000 Dollar Nennwert, einschließlich aufgelaufener, aber nicht gezahlter Zinsen. Das Unternehmen finanzierte diese Rückzahlung durch eine Kombination aus verfügbaren Barbeständen und seiner Kreditlinie. Die Serie-19-Anleihen wurden ursprünglich anhand des Preisverzeichnisses Nr. 5 vom 20. Juni 2023 ausgegeben.
- Early debt retirement demonstrates strong financial management and liquidity position
- Use of existing cash and credit facility for redemption indicates healthy cash flow management
- Premium payment of $23.19 per $1,000 in notes for early redemption increases cost of debt retirement
- Increased use of credit facility may impact future borrowing capacity
Insights
The redemption of
The early redemption of medium-term notes maturing in 2026 suggests Pembina is actively managing its debt maturity schedule and potentially taking advantage of more favorable financing conditions. While the premium payment represents a short-term cost, this refinancing strategy could lead to reduced interest expenses and improved financial flexibility going forward.
The Series 19 Notes were issued pursuant to pricing supplement no. 5 dated June 20, 2023 to the short form base shelf prospectus of Pembina dated November 29, 2021, copies of which are available on Pembina's SEDAR+ profile at www.sedarplus.ca.
About Pembina
Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served
Purpose of Pembina: We deliver extraordinary energy solutions so the world can thrive.
Pembina is structured into three Divisions: Pipelines Division, Facilities Division and Marketing & New Ventures Division.
Pembina's common shares trade on the
View source version on businesswire.com: https://www.businesswire.com/news/home/20241118193056/en/
For further information:
Investor Relations
(403) 231-3156
1-855-880-7404
e-mail: investor-relations@pembina.com
www.pembina.com
Source: Pembina Pipeline Corporation
FAQ
What is the redemption amount for Pembina Pipeline's (PBA) Series 19 Notes?
When did Pembina Pipeline (PBA) complete the Series 19 Notes redemption?
How did Pembina Pipeline (PBA) fund the Series 19 Notes redemption?
