Pembina Arranges $267 Million Private Placement Debt Financing
/THIS NEWS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO UNITED STATES NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
Closing of the offering is anticipated to occur on or about
"We are pleased to announce the offering of this private placement of debt. This additional financing will strengthen our balance sheet, as we confidently pursue our strategy of growth and integration of Pembina's energy infrastructure assets, and maintain our focus on building long-term value for our Unitholders,"
This news release shall not constitute an offer to sell or the solicitation of an offer to buy the Series D Notes in any jurisdiction. The Series D Notes have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the
Pembina Pipeline Income Fund is among the leading issuers in the Canadian energy infrastructure trust sector. Pembina's extensive network of conventional liquids feeder pipelines and growing presence in the oil sands, heavy oil, midstream and gas services sectors provide an integral service to the western Canadian energy industry. This balanced portfolio of premium, long-life energy infrastructure assets supports the stability and sustainability of the Fund.
Forward-Looking Information and Statements
This news release contains certain forward-looking information and statements that are based on the Fund's current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In this news release, such forward-looking information and statements can be identified by terminology such as "may", "will", "forecasts", "anticipates" and similar expressions.
In particular, this news release contains material forward-looking statements, including certain financial outlook regarding the proposed issuance of the Series D Notes by the Fund's wholly owned subsidiary, Pembina Pipeline Corporation, (which remains subject to Pembina and the purchasers of the Series D Notes being able to satisfy the conditions to closing). These forward-looking statements are being made by Pembina based on certain assumptions that Pembina has made in respect thereof as at the date of this document including those discussed below.
The forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties, many of which are beyond the Fund's control. These risks and uncertainties include, among other things, those detailed under the heading "Risk Factors" in the Fund's annual information form for the year ended
For further information: Glenys Hermanutz, Vice President, Corporate Affairs, Pembina Pipeline Corporation, (403) 231-7500, 1-888-428-3222, e-mail: [email protected]