Pembina Pipeline Corp. completes offering of $800M of senior unsecured notes

Pembina Pipeline Corporation completed its offering of $800 million of senior unsecured medium-term notes (the “Offering”). The Offering was conducted in two tranches consisting of $400 million in senior unsecured medium-term notes, series 12 having a fixed coupon of 3.62% per annum, paid semi-annually, and maturing on April 3, 2029, and $400 million in senior unsecured medium-term notes, series 13 having a fixed coupon of 4.54% per annum, paid semi-annually, and maturing on April 3, 2049. The Offering was made through a syndicate of investment dealers co-led by CIBC Capital Markets, BMO Capital Markets and Scotia Capital.

Blake, Cassels & Graydon LLP was counsel to Pembina with a team that included Jeff Bakker, Kristopher Simard, Robert Sevalrud and Sean Cahill.

Stikeman Elliott LLP was counsel to the investment dealers with a team that included Christopher Nixon, Patrick McNally, Haifeng Hu, Prateek Gupta and Spencer Bonetti.

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