{"id":412069,"date":"2021-01-11T08:52:12","date_gmt":"2021-01-11T13:52:12","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=412069"},"modified":"2021-01-11T08:52:12","modified_gmt":"2021-01-11T13:52:12","slug":"pembina-pipeline-corporation-announces-consideration-of-hybrid-subordinated-debt-securities-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pembina-pipeline-corporation-announces-consideration-of-hybrid-subordinated-debt-securities-offering\/","title":{"rendered":"Pembina Pipeline Corporation Announces Consideration of Hybrid Subordinated Debt Securities Offering"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n CALGARY, AB<\/span>, Jan. 11, 2021<\/span> \/PRNewswire\/ –\u00a0Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL); (NYSE: PBA) announced today that it is considering an offering of hybrid subordinated debt securities under its short form base shelf prospectus dated December 30, 2020<\/span>.<\/p>\n

If a successful offering is priced and completed, the Company intends to use the net proceeds of the offering to redeem or repurchase its outstanding cumulative redeemable minimum rate reset Class A Preferred Shares, Series 11 (TSX: PPL.PR.K) and its cumulative redeemable minimum rate reset Class A Preferred Shares, Series 13 (TSX: PPL.PR.M), to repay other outstanding indebtedness, as well as for general corporate purposes. There is no certainty that Pembina will ultimately complete the offering being considered or as to the timing or terms on which such an offering might be completed.<\/p>\n

This news release does not constitute an offer to sell or the solicitation of an offer to buy the hybrid subordinated debt securities in any jurisdiction. The hybrid subordinated debt securities considered to be offered have not been approved or disapproved by any regulatory authority. The hybrid subordinated debt securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities law, and may not be offered or sold within the United States<\/span>.<\/p>\n

\n About Pembina<\/b>\n <\/p>\n

\n Calgary<\/span>-based Pembina Pipeline Corporation is a leading transportation and midstream service provider that has been serving North America’s<\/span> energy industry for more than 65 years. Pembina owns an integrated system of pipelines that transport various hydrocarbon liquids and natural gas products produced primarily in western Canada<\/span>. The Company also owns gas gathering and processing facilities; an oil and natural gas liquids infrastructure and logistics business; is growing an export terminals business; and is currently evaluating a petrochemical facility to convert propane into polypropylene. 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. <\/p>\n

Purpose of Pembina:<\/p>\n

To be the leader in delivering integrated infrastructure solutions connecting global markets:<\/p>\n