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

Q: How long will it take to read this news story?

The story "Gibson Energy Announces Closing of $350 Million Note Offering and Redemption of its 2026 Notes" has 603 words across 22 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Gibson Energy Announces Closing of $350 Million Note Offering and Redemption of its 2026 Notes" was covered 5 days ago by Benzinga, a news publisher based in United States.

Q: How trustworthy is 'Benzinga' news outlet?

Benzinga is a fully independent (privately-owned) news outlet established in 2010 that covers mostly investing and business news. The outlet is headquartered in United States and publishes an average of 0 news stories per day. It's most recent story was published 6 days ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23653799</li><li>URL: https://beamstart.com/news/gibson-energy-announces-closing-of-17319206143602</li></ul>

Benzinga Logo Benzinga 5d ago

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

Quick Summary:

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.