Gibsons closes private placement of senior unsecured notes and cash tender offers for outstanding Canadian dollar notes due 2020 and U.S. Dollar notes due 2021

Torys acted as counsel to the initial purchasers and dealer managers with a team that included Janan Paskaran, Kevin Fougere and Mike Pedlow (corporate/securities/banking).

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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