11:15 AM EDT, 06/06/2025 (MT Newswires) -- Pembina Pipeline ( PBA ) on Friday said it closed on a $200 million offering of 5.95% subordinated notes due June 2055.

Proceeds will be used to redeem the company's Series 19 class A preferred shares (PPL-PR-S.TO) and for general corporate purposes.

The company also plans to start a consent solicitation from holders of its $600 million 4.80% Series 1 notes due Jan. 25, 2081, to introduce an amendment to allow notes holders to exchange their series 1 notes for a new series of notes, on the same terms.

The company's shares were last seen down $0.03 to $51.57 on the Toronto Stock Exchange.

Price: 51.57, Change: -0.03, Percent Change: -0.06