Gibson Energy closes high-yield offering

On June 12, 2014, Gibson Energy Inc. (Gibson) completed its previously announced offering of senior unsecured notes, consisting of C$300 million aggregate principal amount of 5.375% senior unsecured notes due July 15, 2022 and US$50 million aggregate principal amount of 6.75% senior unsecured notes due July 15, 2021 .

Gibson intends to use the net proceeds from the offering to repay all outstanding indebtedness under its existing revolving credit facility, with the remaining net proceeds to be used to fund planned capital expenditures and for general corporate purposes.

Gibson is a large, independent midstream energy company in Canada and an integrated service provider to the oil and gas industry in the U.S.

Further information can be found on Gibson's website.