CALGARY, April 3, 2019 /CNW/ - Pembina Pipeline Corporation
("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) is pleased to announce that it has closed its previously announced 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 (the
"Series 12 Notes") 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 (the "Series 13
Notes") having a fixed coupon of 4.54% per annum, paid semi-annually, and maturing on April 3,
2049.
The Offering was announced on April 1, 2019. The Series 12 Notes and Series 13 Notes were
offered through a syndicate of dealers under Pembina's short-form base shelf prospectus dated July 27,
2017 as supplemented by related pricing supplements dated April 1, 2019.
The net proceeds will be used to repay short-term indebtedness of the Company under its credit facilities, as well as to fund
Pembina's capital program and for general corporate purposes.
This news release does not constitute an offer to sell or the solicitation of an offer to buy the notes in any jurisdiction.
The notes being offered have not been approved or disapproved by any regulatory authority. The notes have not been and will not
be registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or
sold within the United States.
About Pembina
Calgary-based Pembina Pipeline Corporation is a leading transportation and midstream service
provider that has been serving North America's energy industry for over 60 years. Pembina owns an integrated
system of pipelines that transport various hydrocarbon liquids and natural gas products produced primarily in
western Canada. The Company also owns gas gathering and processing facilities and an oil and natural gas liquids
infrastructure and logistics business. Pembina's integrated assets and commercial operations along the majority of the
hydrocarbon value chain allow it to offer a full spectrum of midstream and marketing services to the energy
sector. Pembina is committed to identifying additional opportunities to connect hydrocarbon production to new demand
locations through the development of infrastructure that would extend Pembina's service offering even further along the
hydrocarbon value chain. These new developments will contribute to ensuring that hydrocarbons produced in the Western Canadian
Sedimentary Basin and the other basins where Pembina operates can reach the highest value markets throughout the
world.
Purpose of Pembina:
To be the leader in delivering integrated infrastructure solutions connecting global markets;
- Customers choose us first for reliable and value-added services;
- Investors receive sustainable industry-leading total returns;
- Employees say we are the 'employer of choice' and value our safe, respectful, collaborative and fair work culture;
and
- Communities welcome us and recognize the net positive impact of our social and environmental commitment.
Pembina's strategy is to:
- Preserve Value by providing safe, environmentally conscious, cost-effective and reliable services;
- Diversify by providing integrated solutions which enhance profitability and customer service;
- Implement Growth by pursuing projects or assets that are expected to generate cash flow per share accretion and
capture long-life, economic hydrocarbon reserves; and
- Secure Global Markets by understanding what the world needs, where they need it, and delivering it.
Pembina is structured into three Divisions: Pipelines Division, Facilities Division and Marketing & New Ventures
Division.
Pembina's common shares trade on the Toronto and New York stock exchanges under PPL and PBA,
respectively. For more information, visit www.pembina.com.
Forward-Looking Information and Statements
This news release contains certain forward-looking statements and information (collectively, "forward-looking statements")
within the meaning of the "safe harbor" provisions of applicable securities legislation that are based on Pembina's current
expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In some
cases, forward-looking statements can be identified by terminology such as "intend", "will", "shall", and similar expressions
suggesting future events or future performance.
In particular, this news release contains forward-looking statements relating to the offering, including the expected use
of the net proceeds of the offering. These forward-looking statements are based on certain assumptions that Pembina has made in
respect thereof as at the date of this news release, including: prevailing commodity prices, margins and exchange rates,
that Pembina's businesses will continue to achieve sustainable financial results and that future results of operations will be
consistent with past performance and management expectations in relation thereto, the availability and sources of capital,
operating costs, ongoing utilization and future expansions, the ability to reach required commercial agreements, and the ability
to obtain required regulatory approvals. These forward-looking statements are not guarantees of future performance and are
subject to a number of known and unknown risks and uncertainties, including, but not limited to: non-performance of agreements in
accordance with their terms; the impact of competitive entities and pricing; reliance on key industry partners, alliances and
agreements; the strength and operations of the oil and natural gas production industry and related commodity prices; the
continuation or completion of third-party projects; regulatory environment and inability to obtain required regulatory approvals;
tax laws and treatment; fluctuations in operating results; the ability of Pembina to raise sufficient capital to complete future
projects and satisfy future commitments; construction delays; labour and material shortages; and certain other risks detailed
from time to time in Pembina's public disclosure documents including, among other things, those detailed under the heading "Risk
Factors" in Pembina's management's discussion and analysis and annual information form for the year ended December 31, 2018, which can be found at www.sedar.com and with the U.S. Securities and Exchange Commission at www.sec.gov and available on Pembina's website at www.pembina.com. The intended use of the net proceeds of the offering by Pembina may change if the board of
directors of Pembina determines that it would be in the best interests of Pembina to deploy the proceeds for some other purpose
and there can be no guarantee as to how or when such proceeds may be used.
Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those
predicted, forecasted or projected. Such forward-looking statements are expressly qualified by the above statements. Pembina does
not undertake any obligation to publicly update or revise any forward-looking statements or information contained herein, except
as required by applicable laws.
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SOURCE Pembina Pipeline Corporation
View original content: http://www.newswire.ca/en/releases/archive/April2019/03/c2336.html