Pembina Pipeline Corporation Announces $700 Million Public Note Offering

CALGARY, March 22, 2018 /CNW/ – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL, NYSE: PBA) announced today that it has agreed to issue $700 million of senior unsecured medium-term notes (the “Offering”). The Offering will be conducted in two tranches consisting of $400 million in senior unsecured medium-term notes, series 10 (the “Series 10 Notes”) having a fixed coupon of 4.02% per annum, paid semi-annually, and maturing on March 27, 2028, and $300 million in senior unsecured medium-term notes, series 11 (the “Series 11 Notes”) having a fixed coupon of 4.75% per annum, paid semi-annually, and maturing on March 26, 2048.

Closing of the Offering is expected to occur on March 26, 2018 and the net proceeds will be used to repay short-term indebtedness of the Company under its credit facilities, as well as to fund Pembina’s capital program and for general corporate purposes.

The Series 10 Notes and Series 11 Notes are being offered through a syndicate of dealers under Pembina’s short-form base shelf prospectus dated July 27, 2017 as supplemented by related pricing supplements dated March 22, 2018.

This news release does not constitute an offer to sell or the solicitation of an offer to buy the notes in any jurisdiction. The notes being offered have not been approved or disapproved by any regulatory authority. The notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and may not be offered or sold within the United States unless an exemption from the registration requirements of the U.S. Securities Act is available.

About Pembina

Calgary-based Pembina Pipeline Corporation is a leading transportation and midstream service provider that has been serving North America’s energy industry for over 60 years. Pembina owns an integrated system of pipelines that transport various hydrocarbon liquids and natural gas products produced primarily in western Canada. The Company also owns gas gathering and processing facilities and an oil and natural gas liquids infrastructure and logistics business. Pembina’s integrated assets and commercial operations along the majority of the hydrocarbon value chain allow it to offer a full spectrum of midstream and marketing services to the energy sector. Pembina is committed to working with its community and aboriginal neighbours, while providing value for investors in a safe, environmentally responsible manner. This balanced approach to operating ensures the trust Pembina builds among all of its stakeholders is sustainable over the long term. Pembina’s common shares trade on the Toronto and New York stock exchanges under PPL and PBA, respectively. Pembina’s preferred shares also trade on the Toronto stock exchange. For more information, visit www.pembina.com.