Gibson Energy (TSE:GEI) has released an update.
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Gibson Energy has successfully closed a $350 million note offering with a 4.45% interest rate, set to mature in 2031. The funds from this offering, along with cash reserves, were used to redeem existing 5.80% notes due in 2026. This strategic financial move reflects Gibson’s efforts to optimize their debt structure.
For further insights into TSE:GEI stock, check out TipRanks’ Stock Analysis page.
