checkAd

     319  0 Kommentare Gibsons Announces Closing of Senior Unsecured Notes

    CALGARY, ALBERTA--(Marketwired - March 22, 2017) -

    NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

    Gibson Energy Inc. ("Gibsons" or the "Company") (TSX:GEI) announced today the closing of its issuance of CDN$350 million aggregate principal amount of 5.25% senior unsecured notes due July 15, 2024 (the "Notes") on an exempt private placement basis (the "Private Placement"). The net proceeds of the Private Placement, along with a portion of the net proceeds from the previously announced sale of the Company's Industrial Propane Business, were utilized to purchase CDN$211,052,000 of its 7.000% senior notes due 2020 and US$338,800,000 of its 6.75% senior notes due 2021 pursuant to the tender offer announced on March 8, 2017.

    "Today's closing of the Private Placement, in combination with the early settlement of the tender offer, strengthens the Company's balance sheet by reducing our long-term indebtedness, decreasing annual interest costs and extending our debt maturity profile," said Sean Brown, Gibsons' Chief Financial Officer.

    The Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or applicable state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. The Notes have not been and will not be qualified for sale to the public under applicable Canadian securities laws and, accordingly, any offer and sale of the Notes in Canada will be made on a basis which is exempt from the prospectus requirements of such securities laws. The securities mentioned herein will be offered and sold only to qualified institutional buyers in accordance with Rule 144A under the Securities Act and outside the United States to non-U.S. persons in reliance on the "accredited investor" prospectus exemption in Canada and Regulation S under the Securities Act.

    This press release does not constitute an offer to sell or purchase, or a solicitation of an offer to sell or purchase, any securities. No offer, solicitation, purchase or sale of securities will be made in any jurisdiction, in which such an offer, solicitation, purchase or sale would be unlawful.

    About Gibsons

    Gibsons is a Canadian-based midstream energy company with operations in most of the key hydrocarbon-rich basins in North America. For over 60 years, Gibsons has delivered integrated midstream solutions to customers in the oil and gas industry. With headquarters in Calgary, Alberta, the Company's North American operations include the storage, blending, processing, transportation, marketing and distribution of crude oil, natural gas liquids and refined products. The Company also provides oilfield waste and water management services.

    Seite 1 von 2


    Verfasst von Marketwired
    Gibsons Announces Closing of Senior Unsecured Notes CALGARY, ALBERTA--(Marketwired - March 22, 2017) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Gibson Energy Inc. ("Gibsons" or the "Company") (TSX:GEI) announced today the …