Pembina Pipeline (TSE:PPL) has released an update.
Pembina Pipeline Corporation has successfully closed a $950 million public note offering, divided into three tranches with varying maturity dates and coupons. The proceeds are set to repay existing debt, fund a redemption of certain medium-term notes, and for general corporate use. This strategic financial move aims to strengthen Pembina’s position as a leading North American energy transportation and midstream service provider.
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