Pembina Pipeline Corporation Announces Consideration of Subordinated Note Offering

Executive Summary

• Pembina Pipeline Corporation announced it is evaluating a potential offering of subordinated notes under its short‑form base shelf prospectus dated December 13, 2023.
• Net proceeds, if the offering is completed, would be used to redeem outstanding Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 9 and for general corporate purposes.
• The company emphasized that there is no certainty the offering will be completed, nor disclosed any terms, pricing, size or timing at this stage.

Key Details

• Offering Consideration: Subordinated notes contemplated under existing short‑form base shelf prospectus (dated 13 Dec 2023).
• Use of Proceeds:
• Redemption of outstanding Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 9 (TSX: PPL.PR.I).
• General corporate purposes.
• Status Disclaimer: No assurance that the offering will be completed; terms and timing remain undetermined.
• Regulatory Notices: The notes are not registered under the U.S. Securities Act and may not be offered or sold to U.S. persons.
• Forward‑Looking Statements: Includes typical safe‑harbor language outlining assumptions and risks related to the contemplated financing, market conditions, credit ratings, commodity prices, regulatory environment, etc.

Notable Quotes

(No direct executive quotes were provided in the release.)