Gibson Energy Announces $350 Million Senior Unsecured Note Offering and Redemption of its 2026 Notes

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All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta, Oct.31, 2024 (GLOBE NEWSWIRE) -- Gibson Energy Inc.(TSX:GEI) ("Gibson" or the "Company") announced today that it has agreed to issue $350 million of 4.45% senior unsecured notes due November 12, 2031 (the "Notes").

Gibson will use the net proceeds from the offering as well as cash on hand to fund the redemption at par of its 5.80% medium term notes due July 2026 in the principal amount of $350 million (the "2026 Notes").

Redemption of $350 Million of Medium Term Notes Due 2026Gibson will deliver a notice of redemption to registered holders of the 2026 Notes, conditional upon the completion of the offering.

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Author / Journalist: Globe Newswire

Category: InvestingBusiness

Markets: United StatesCanada

Topics: IPOs Press Releases TSX:GEI News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 21:58:16 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 681 words

Reading Time: 4 minutes read

Sentences: 25 lines

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Copyright Owner: © Benzinga

News ID: 23356117

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