Transaction|March 22, 2017
On March 22, 2017, Gibson Energy Inc. ("Gibsons") announced the closing of its issuance of C$350 million of 5.25% senior unsecured notes, on an exempt private placement basis. The net proceeds of the private placement, along with a portion of the net proceeds from the previously announced sale of the company's Industrial propane business, were utilized to purchase C$211,052,000 of its 7.000% senior notes due 2020 and US$338,800,000 of its 6.75% senior notes due 2021 pursuant to the tender offer announced on March 8, 2017.
Gibsons is a Canadian-based midstream energy company with operations in most of the key hydrocarbon-rich basins in North America.
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