Gibson arranges $375-million note offering

Executive Summary

• Gibson Energy Inc. has agreed to issue $375 million of 4.45% senior unsecured notes due August 20, 2032.
• The net proceeds will be used to repay outstanding debt under its revolving credit facility, specifically including amounts borrowed to repay $325 million of 2.45% senior unsecured notes that matured on July 14, 2025, as well as for general corporate purposes.
• The offering is being conducted in Canada on a private placement and agency basis through a syndicate of agents led by RBC Capital Markets and BMO Capital Markets.

Key Details

• Principal Amount: $375 million
• Interest Rate: 4.45%
• Maturity Date: August 20, 2032
• Instrument Type: Senior unsecured notes
• Expected Closing Date: August 20, 2025 (subject to customary closing conditions)
• Use of Proceeds: Repayment of outstanding debt under the revolving credit facility (specifically referencing the repayment of $325 million principal amount of 2.45% senior unsecured notes maturing July 14, 2025) and general corporate purposes.
• Offering Structure: Private placement and agency basis in Canada, relying on exemptions from prospectus requirements under applicable securities laws.
• Agents: Syndicate led by RBC Capital Markets and BMO Capital Markets.