On Thursday, August 27, before market open, Pembina announced that it has issued notices of redemption to holders of its Series C 5.75% convertible unsecured subordinated debentures and its Series E 5.75% convertible unsecured subordinated debentures by redeeming the entire outstanding principal, $251,521,000, on October 13, 2015. Pembina intends to redeem the debentures by issuing common shares,
shoring up the balance sheet by converting debt into equity.
27 Aug 2015
PEMBINA PIPELINE CORPORATION (PPL) ANNOUNCES REDEMPTION OF SERIES C AND E CONVERTIBLE DEBENTURES
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PEMBINA PIPELINE CORPORATION (PPL) ANNOUNCES REDEMPTION OF SERIES C AND E CONVERTIBLE DEBENTURES
Pembina Pipeline Corporation (PPL:TSE) | 0 0 0.8% | Mkt Cap: 20,478m
- Published:
27 Aug 2015 -
Author:
Steven I. Paget -
Pages:
2
On Thursday, August 27, before market open, Pembina announced that it has issued notices of redemption to holders of its Series C 5.75% convertible unsecured subordinated debentures and its Series E 5.75% convertible unsecured subordinated debentures by redeeming the entire outstanding principal, $251,521,000, on October 13, 2015. Pembina intends to redeem the debentures by issuing common shares,
shoring up the balance sheet by converting debt into equity.