03:59 AM EDT, 06/27/2024 (MT Newswires) -- Pembina Pipeline ( PBA ) said late Wednesday it has agreed to issue $950 million of senior unsecured medium-term notes.

The offering will be conducted in three tranches consisting of $650 million of 5.22% series 23 notes due 2033, $150 million to be issued through a re-opening of the company's 5.02% series 20 notes due 2032, and $150 million to be issued through a re-opening of 5.67% series 22 notes due 2054.

The company plans to use the net proceeds to repay indebtedness, to fund the redemption of $150 million of its 5.72% medium-term notes due 2026, and for general corporate purposes.

The offering is expected to close on Friday.

Price: 35.29, Change: -1.42, Percent Change: -3.87