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BRIEF-Pembina Pipeline Corporation Announces Pembina Gas Infrastructure'S Agreement To Acquire Midstream Assets From Veren Inc.
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BRIEF-Pembina Pipeline Corporation Announces Pembina Gas Infrastructure'S Agreement To Acquire Midstream Assets From Veren Inc.
Sep 11, 2024 12:33 AM

Sept 9 (Reuters) - Pembina Pipeline Corp ( PBA ):

* PEMBINA PIPELINE CORPORATION ANNOUNCES PEMBINA GAS

INFRASTRUCTURE'S AGREEMENT TO ACQUIRE MIDSTREAM ASSETS FROM

VEREN INC.

* PEMBINA PIPELINE CORP ( PBA ) - NET PURCHASE PRICE FOR BATTERIES

IS $400

MILLION

* PEMBINA PIPELINE CORP ( PBA ) - PGI TO FUND UP TO $300 MILLION FOR

VEREN

INFRASTRUCTURE

* PEMBINA PIPELINE CORP ( PBA ) - VEREN ENTERS 15 YEAR TAKE-OR-PAY

AGREEMENT FOR BATTERY CAPACITY

* PEMBINA PIPELINE CORP ( PBA ) - EXPECTED ANNUAL ADJUSTED EBITDA

FROM

BATTERIES ACQUISITION IS $50 MILLION

* PEMBINA PIPELINE CORP ( PBA ): DEAL WILL INITIALLY BE FUNDED USING

PGI'S

EXISTING CREDIT FACILITY

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