Pembina Pipeline to use some proceeds of notes to pay down revolver

By Wendy Van Sickle

Columbus, Ohio, Jan. 10 – Pembina Pipeline Corp. will use some proceeds from a new offering of notes to pay down the company’s C$1.5 billion revolver, according to a news release.

Pembina Pipeline sold C$1.8 billion of new notes in three parts in the Wednesday market. Proceeds will also be used to fund a portion of the purchase price for Pembina’s previously announced acquisition of all of the interests of Enbridge Inc. in the Alliance, Aux Sable and NRGreen Power joint ventures and related operatorship contracts and for general corporate purposes.

The transportation and midstream service provider for the energy industry is based in Calgary, Alta.

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