Opérations et transactions|17 septembre 2019
Gibson Energy completes C$500 million medium term note offering
Torys acted as counsel to CIBC Capital Markets, RBC Capital Markets and the syndicate of dealers with a team that included Kevin Fougere, Janan Paskaran, Jennifer Baugh and Jon McDonald (corporate/securities).
On September 17, 2019, Gibson Energy Inc. ("Gibson") completed its previously announced offering of C$500 million senior unsecured medium term notes, Series 1. The notes will have a fixed coupon rate of 3.60% per annum, payable semi-annually, and will mature on September 17, 2029.
The notes were offered through a syndicate of investment dealers co-led by CIBC Capital Markets and RBC Capital Markets.
Gibson intends to use the net proceeds from the sale of the notes for the redemption of its outstanding C$300 million 5.375% senior unsecured notes due July 15, 2022, to reduce outstanding indebtedness under its revolving credit facility and for general corporate purposes.
Gibson is a Canadian-based oil infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of crude oil and refined products. Headquartered in Calgary, Alberta, the company's operations are focused around its core terminal assets located at Hardisty and Edmonton, Alberta, and also include the Moose Jaw Facility and an infrastructure position in the U.S.
Further information can be found on Globe Newswire's website.
The notes were offered through a syndicate of investment dealers co-led by CIBC Capital Markets and RBC Capital Markets.
Gibson intends to use the net proceeds from the sale of the notes for the redemption of its outstanding C$300 million 5.375% senior unsecured notes due July 15, 2022, to reduce outstanding indebtedness under its revolving credit facility and for general corporate purposes.
Gibson is a Canadian-based oil infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of crude oil and refined products. Headquartered in Calgary, Alberta, the company's operations are focused around its core terminal assets located at Hardisty and Edmonton, Alberta, and also include the Moose Jaw Facility and an infrastructure position in the U.S.
Further information can be found on Globe Newswire's website.