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

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Gibson Energy Announces Closing of $350 Million Note Offering and Redemption of its 2026 Notes - Benzinga

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All financial figures are in Canadian dollars unless otherwise noted

CALGARY, Alberta, Nov.12, 2024 (GLOBE NEWSWIRE) -- Gibson Energy Inc.(TSX:GEI) ("Gibson" or the "Company") announced today that it has closed the previously announced offering of $350 million of 4.45% senior unsecured notes maturing on November 12, 2031 (the "Notes").

Gibson used the net proceeds from the offering as well as cash on hand to fund the redemption of all of its outstanding $350 million aggregate principal amount of its 5.80% medium term notes due July 2026 at the redemption price of par plus accrued and unpaid interest thereon to, but excluding, the date of redemption.