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

Quick Summary:

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.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Globe Newswire

Category: InvestingBusiness

Markets: United StatesCanada

Topics: IPOs TSX:GEI News Press Releases

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 21:58:16 (5 days 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

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23431368

View Article Analysis

About Benzinga

Main Topics: InvestingBusiness

Official Website: benzinga.com

Year Established: 2010

Headquarters: United States

News Last Updated: 1 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #54

Publisher Details

Frequently Asked Questions