Pembina Pipeline Corp. (TSE:PPL) has released an update.
Pembina Pipeline Corporation, a key player in the energy transportation and midstream service sector, has completed its acquisition of Enbridge Inc.’s interests in Alliance, Aux Sable, and NRGreen joint ventures for $3.1 billion, assuming approximately $327 million in debt. The acquisition, which is to be reflected in Pembina’s financial results starting the second quarter of 2024, aims to enhance the company’s integrated network and support the transition to a lower-carbon economy. Funding was secured through a combination of subscription receipt offerings, senior unsecured medium-term notes, and existing credit facilities.
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