Gibson completes C$650 million public offering of medium term notes
On July 14, 2020, Gibson Energy Inc. ("Gibson") completed its previously announced offering of C$650 million of senior unsecured medium term notes, consisting of C$325 million of 2.45% notes maturing on July 14, 2025 and $325 million of 2.85% notes maturing on July 14, 2027.
Gibson intends to use the net proceeds from the sale of the notes for the redemption of its outstanding C$600 million 5.25% senior unsecured notes due July 15, 2024, to reduce outstanding indebtedness under its revolving credit facility and for general corporate purposes.
The notes are being offered through a syndicate of investment dealers led by CIBC Capital Markets and RBC Capital Markets, as well as BMO Nesbitt Burns and Scotia Capital.
Further information can be found on Globe Newswire's website.
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.