Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 3.1 millions of barrels of oil equivalent per day, ground storage of 11 millions of barrels, and rail terminalling capacity of approximately 145 thousands of barrels of oil equivalent per day serving markets and basins across North America. The Facilities segment offers infrastructure that provides customers with natural gas, condensate, and natural gas liquids (NGLs), including ethane, propane, butane, and condensate; and includes 354 thousands of barrels per day of NGL fractionation capacity, 21 millions of barrels of cavern storage capacity, and associated pipeline and rail terminalling facilities. The Marketing & New Ventures segment buys and sells hydrocarbon liquids and natural gas originating in the Western Canadian sedimentary basin and other basins. Pembina Pipeline Corporation was incorporated in 1954 and is headquartered in Calgary, Canada.
IPO Year:
Exchange: NYSE
Website: pembina.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/11/2024 | Outperform | Raymond James | |
9/11/2024 | Neutral | UBS | |
10/5/2023 | Neutral | Citigroup | |
6/22/2023 | Buy | Stifel | |
5/25/2023 | Neutral → Outperform | Credit Suisse | |
12/9/2022 | Outperform → Neutral | Credit Suisse | |
4/11/2022 | Neutral → Outperform | Credit Suisse | |
3/2/2022 | Market Perform → Outperform | BMO Capital Markets | |
2/14/2022 | Sector Perform → Sector Outperform | Scotiabank | |
11/23/2021 | Neutral | JP Morgan |
Pembina Pipeline Corporation ("Pembina") (TSX:PPL, NYSE:PBA) announced today that none of Pembina's Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 7 ("Series 7 Shares") (TSX:PPL) will be converted into Cumulative Redeemable Floating Rate Class A Preferred Shares, Series 8 of Pembina ("Series 8 Shares") on December 1, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241118331854/en/ After taking into account all the conversion notices received from holders of its outstanding Series 7 Shares by the November 18, 2024 deadline for the conversion of the Series 7 Shares into Series 8 Shares, less than the 1,000,
Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL, NYSE:PBA) announced today that it completed the previously announced redemption of its outstanding $150 million aggregate principal amount of senior unsecured medium-term notes, series 19 (the "Series 19 Notes") due June 22, 2026 for cash on November 17, 2024 (the "Redemption Date"). The Series 19 Notes were redeemed at a redemption price of approximately $1,023.19 for each $1,000 principal amount of Series 19 Notes, being equal to the outstanding principal amount thereof, plus accrued but unpaid interest thereon to, but excluding, the Redemption Date. Pembina funded the redemption through a combination of cash on hand and
Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL, NYSE:PBA) announced today that it intends to exercise its option to redeem all of its outstanding $150,000,000 aggregate principal amount of senior unsecured medium-term notes, series 19 (the "Series 19 Notes") due June 22, 2026 for cash on November 17, 2024 (the "Redemption Date") at a redemption price of approximately $1,023.19 for each $1,000 principal amount of Series 19 Notes, being equal to the outstanding principal amount thereof, plus accrued but unpaid interest thereon to, but excluding, the Redemption Date (the "Redemption"). The Redemption will be funded through a combination of cash on hand and use of the Compan
All financial figures are in Canadian dollars unless otherwise noted. This news release refers to certain financial measures and ratios that are not specified, defined or determined in accordance with Generally Accepted Accounting Principles ("GAAP"), including net revenue; adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA"); adjusted cash flow from operating activities; adjusted cash flow from operating activities per common share; and proportionately consolidated debt-to-adjusted EBITDA. For more information see "Non-GAAP and Other Financial Measures" herein. Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL, NYSE:PBA) announced to
Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL, NYSE:PBA) announced today that it does not intend to exercise its right to redeem the currently outstanding Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 7 ("Series 7 Shares") (TSX:PPL) on December 1, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241101852021/en/ As a result of the decision not to redeem the Series 7 Shares, and subject to certain terms of the Series 7 Shares, the holders of the Series 7 Shares will have the right to elect to convert all or part of their Series 7 Shares on a one-for-one basis into Cumulative Redeemable
Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL, NYSE:PBA) announced today that its Board of Directors has declared quarterly dividends for the Company's preferred shares, Series 1, 3, 5, 7, 9, 15, 17, 19, 21, 22 and 25. Series 1, 3, 5, 7, 9, 21 and 22 preferred share dividends are payable on December 2, 2024, to shareholders of record on November 1, 2024. Series 15, 17 and 19 preferred share dividends are payable on December 31, 2024, to shareholders of record on December 16, 2024. Series 25 preferred share dividends are payable on November 15, 2024, to shareholders of record on October 31, 2024. This press release features multimedia. View the full release here: https:/
All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to certain financial measures that are not specified, defined or determined in accordance with Generally Accepted Accounting Principles ("GAAP"), including adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA"). For more information see "Non-GAAP and Other Financial Measures" herein. Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL, NYSE:PBA) is pleased to announce that Pembina Gas Infrastructure Inc. ("PGI"), a Western Canadian focused gas processing entity jointly owned by Pembina and KKR, has entered into agreements with Ve
All financial figures are in Canadian dollars unless otherwise noted. This news release refers to certain financial measures and ratios that are not specified, defined or determined in accordance with Generally Accepted Accounting Principles ("GAAP"), including net revenue; adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA"); adjusted cash flow from operating activities; adjusted cash flow from operating activities per common share; and proportionately consolidated debt-to-adjusted EBITDA. For more information see "Non-GAAP and Other Financial Measures" herein. Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL, NYSE:PBA) announced t
Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL, NYSE:PBA) announced today that its Board of Directors has declared quarterly dividends for the Company's preferred shares, Series 1, 3, 5, 7, 9, 15, 17, 19, 21, 22 and 25. Series 1, 3, 5, 7, 9, 21 and 22 preferred share dividends are payable on September 3, 2024, to shareholders of record on August 1, 2024. Series 15, 17 and 19 preferred share dividends are payable on October 1, 2024, to shareholders of record on September 16, 2024. Series 25 preferred share dividends are payable on August 15, 2024, to shareholders of record on July 31, 2024. This press release features multimedia. View the full release here: https://www.b
Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL, NYSE:PBA) announced today that it completed the previously announced redemption of $150 million aggregate principal amount (the "Subject Notes") of its outstanding $300 million aggregate principal amount of senior unsecured medium-term notes, series 19 (the "Series 19 Notes") due June 22, 2026 for cash on July 6, 2024 (the "Redemption Date"). The Subject Notes were redeemed at a redemption price of approximately $1,002.19 for each $1,000 principal amount of Subject Notes, being equal to the outstanding principal amount thereof, plus accrued but unpaid interest thereon to, but excluding, the Redemption Date. Pembina funded t
6-K - PEMBINA PIPELINE CORP (0001546066) (Filer)
6-K - PEMBINA PIPELINE CORP (0001546066) (Filer)
6-K - PEMBINA PIPELINE CORP (0001546066) (Filer)
6-K - PEMBINA PIPELINE CORP (0001546066) (Filer)
6-K - PEMBINA PIPELINE CORP (0001546066) (Filer)
6-K - PEMBINA PIPELINE CORP (0001546066) (Filer)
6-K - PEMBINA PIPELINE CORP (0001546066) (Filer)
6-K - PEMBINA PIPELINE CORP (0001546066) (Filer)
6-K - PEMBINA PIPELINE CORP (0001546066) (Filer)
6-K - PEMBINA PIPELINE CORP (0001546066) (Filer)
SC 13G/A - PEMBINA PIPELINE CORP (0001546066) (Subject)
SC 13G - PEMBINA PIPELINE CORP (0001546066) (Subject)
Raymond James resumed coverage of Pembina Pipeline with a rating of Outperform
UBS initiated coverage of Pembina Pipeline with a rating of Neutral
Citigroup initiated coverage of Pembina Pipeline with a rating of Neutral
Stifel initiated coverage of Pembina Pipeline with a rating of Buy
Credit Suisse upgraded Pembina Pipeline from Neutral to Outperform
Credit Suisse downgraded Pembina Pipeline from Outperform to Neutral
Credit Suisse upgraded Pembina Pipeline from Neutral to Outperform
BMO Capital Markets upgraded Pembina Pipeline from Market Perform to Outperform
Scotiabank upgraded Pembina Pipeline from Sector Perform to Sector Outperform
JP Morgan resumed coverage of Pembina Pipeline with a rating of Neutral
All financial figures are in Canadian dollars unless otherwise noted. This news release refers to certain financial measures and ratios that are not specified, defined or determined in accordance with Generally Accepted Accounting Principles ("GAAP"), including net revenue; adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA"); adjusted cash flow from operating activities; adjusted cash flow from operating activities per common share; and proportionately consolidated debt-to-adjusted EBITDA. For more information see "Non-GAAP and Other Financial Measures" herein. Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL, NYSE:PBA) announced to
Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL, NYSE:PBA) announced today that it does not intend to exercise its right to redeem the currently outstanding Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 7 ("Series 7 Shares") (TSX:PPL) on December 1, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241101852021/en/ As a result of the decision not to redeem the Series 7 Shares, and subject to certain terms of the Series 7 Shares, the holders of the Series 7 Shares will have the right to elect to convert all or part of their Series 7 Shares on a one-for-one basis into Cumulative Redeemable
Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL, NYSE:PBA) announced today that its Board of Directors has declared quarterly dividends for the Company's preferred shares, Series 1, 3, 5, 7, 9, 15, 17, 19, 21, 22 and 25. Series 1, 3, 5, 7, 9, 21 and 22 preferred share dividends are payable on December 2, 2024, to shareholders of record on November 1, 2024. Series 15, 17 and 19 preferred share dividends are payable on December 31, 2024, to shareholders of record on December 16, 2024. Series 25 preferred share dividends are payable on November 15, 2024, to shareholders of record on October 31, 2024. This press release features multimedia. View the full release here: https:/
All financial figures are in Canadian dollars unless otherwise noted. This news release refers to certain financial measures and ratios that are not specified, defined or determined in accordance with Generally Accepted Accounting Principles ("GAAP"), including net revenue; adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA"); adjusted cash flow from operating activities; adjusted cash flow from operating activities per common share; and proportionately consolidated debt-to-adjusted EBITDA. For more information see "Non-GAAP and Other Financial Measures" herein. Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL, NYSE:PBA) announced t
Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL, NYSE:PBA) announced today that its Board of Directors has declared quarterly dividends for the Company's preferred shares, Series 1, 3, 5, 7, 9, 15, 17, 19, 21, 22 and 25. Series 1, 3, 5, 7, 9, 21 and 22 preferred share dividends are payable on September 3, 2024, to shareholders of record on August 1, 2024. Series 15, 17 and 19 preferred share dividends are payable on October 1, 2024, to shareholders of record on September 16, 2024. Series 25 preferred share dividends are payable on August 15, 2024, to shareholders of record on July 31, 2024. This press release features multimedia. View the full release here: https://www.b
All financial figures are in Canadian dollars unless otherwise noted. Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL, NYSE:PBA) will hold its 2024 Investor Day today in Toronto, Ontario, beginning at 8:30 a.m. ET. At the event, Pembina's officer team will provide an overview of the business and the outlook for the Company amidst transformational changes in the western Canadian energy industry. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240516057088/en/ Highlights from the 2024 Investor Day include: Pembina's corporate strategy is designed to build upon its strengths by continuing to invest in and gro
Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL, NYSE:PBA) announced today that the Toronto Stock Exchange (the "TSX") has approved the renewal of Pembina's normal course issuer bid (the "NCIB") to purchase up to five percent of its issued and outstanding common shares. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240513081772/en/ Under the NCIB, purchases of common shares may be made through the facilities of the TSX, the New York Stock Exchange and/or alternative Canadian trading systems, commencing on May 16, 2024 and expiring on the earlier of May 15, 2025 and the date on which Pembina has acquired the m
All financial figures are in Canadian dollars unless otherwise noted. This news release refers to certain financial measures and ratios that are not specified, defined or determined in accordance with Generally Accepted Accounting Principles ("GAAP"), including net revenue; adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA"); adjusted cash flow from operating activities; adjusted cash flow from operating activities per common share; and proportionately consolidated debt-to-adjusted EBITDA. For more information see "Non-GAAP and Other Financial Measures" herein. Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL, NYSE:PBA) announced t
Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL, NYSE:PBA) announced today that it does not intend to exercise its right to redeem the currently outstanding Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 5 ("Series 5 Shares") (TSX:PPL) on June 1, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240502370849/en/ As a result of the decision not to redeem the Series 5 Shares, and subject to certain terms of the Series 5 Shares, the holders of the Series 5 Shares will have the right to elect to convert all or part of their Series 5 Shares on a one-for-one basis into Cumulative Redeemable Fl
Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL, NYSE:PBA) announced today that its Board of Directors has declared quarterly dividends for the Company's preferred shares, Series 1, 3, 5, 7, 9, 15, 17, 19, 21, 22 and 25. Series 1, 3, 5, 7, 9, 21 and 22 preferred share dividends are payable on June 3, 2024, to shareholders of record on May 1, 2024. Series 15, 17 and 19 preferred share dividends are payable on July 2, 2024, to shareholders of record on June 17, 2024. Series 25 preferred share dividends are payable on May 15, 2024, to shareholders of record on April 30, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/ne
Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL, NYSE:PBA) is pleased to announce that Pembina Gas Infrastructure Inc. ("PGI"), a premier gas processing entity in Western Canada jointly owned by Pembina and KKR, has entered into a purchase and sale agreement with Whitecap Resources Inc. ("Whitecap") to acquire a 50 percent working interest in Whitecap's 15-07 Kaybob Complex (the "Kaybob Complex") as well as executed an agreement to support the future infrastructure development for Whitecap's Lator growth area (the "Transaction"). Gross proceeds related to the Transaction are $420 million ($252 million, net to Pembina). This press release features multimedia. View the full
Pembina Pipeline Corporation (NYSE:PBA) disclosed the progress on its proposed Cedar liquefied natural gas (LNG) project and provided a multi-year outlook at its 2024 investor day yesterday. The company disclosed that its proposed Cedar LNG project, estimated at $3.4 billion, continues to be on track. It expects a final investment decision (FID) in June 2024. Cedar, a joint venture between Haisla First Nation and Pembina, is expected to be completed in 2028 and produce 3.3 million tons of LNG annually. Post completion, Cedar will be one of Canada’s first LNG export terminals. Senior Vice President and Corporate Development Officer Stuart Taylor said, “We do have all key regulatory p
Pembina Pipeline sais Toronto Stock Exchange has approved the renewal of normal course issuer bid to purchase up to five percent of its issued and outstanding common shares.
Pembina Pipeline (NYSE:PBA) reported quarterly earnings of $0.54 per share which beat the analyst consensus estimate of $0.53 by 1.89 percent. This is a 20 percent increase over earnings of $0.45 per share from the same period last year. The company reported quarterly sales of $1.14 billion which missed the analyst consensus estimate of $1.86 billion by 38.60 percent. This is a 31.58 percent decrease over sales of $1.67 billion the same period last year.
CIBC analyst Robert Catellier maintains Pembina Pipeline (NYSE:PBA) with a Outperformer and raises the price target from C$56 to C$57.
Baker Hughes Company (NASDAQ:BKR) has secured a contract to provide state-of-the-art liquefaction technologies to Cedar LNG in Canada. The contract, finalized in the first quarter of 2024, was awarded by Black & Veatch, a global entity in engineering, construction, and consulting. This collaboration underscores a shared commitment to advancing the energy sector towards a more sustainable future. Under this contract, Baker Hughes will deliver various turbomachinery equipment essential for the project’s operations. This includes four main refrigeration compressors and two boil-off gas compressors, all powered electrically, along with six centrifugal pumps. Emphasizing sustainability
These critical milestones allow Cedar LNG to initiate the project financing process and the Haisla Nation to commence a process to support its equity contributions in advance of a final investment decision (FID), expected by the middle of 2024.
Pembina Pipeline (NYSE:PBA) reported quarterly earnings of $0.89 per share which beat the analyst consensus estimate of $0.63 by 41.27 percent. This is a 206.9 percent increase over earnings of $0.29 per share from the same period last year. The company reported quarterly sales of $1.81 billion which missed the analyst consensus estimate of $1.87 billion by 3.10 percent. This is a 9.81 percent decrease over sales of $2.01 billion the same period last year.
Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL, NYSE:PBA) reported the voting results from its annual meeting of common shareholders held virtually on May 10, 2024 (the "Meeting"). Each of the matters voted upon at the Meeting is discussed in detail in the Company's Management Information Circular dated March 21, 2024 (the "Information Circular"), which is available on the Company's website under 'Investors – Presentations & Events' at www.pembina.com. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240510136886/en/ A total of 549,576,825 common shares representing 59.91 percent of the Company's issued and out
Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL, NYSE:PBA) reported the voting results from its annual meeting of common shareholders held virtually on May 5, 2023 (the "Meeting"). Each of the matters voted upon at the Meeting is discussed in detail in the Company's Management Information Circular dated March 17, 2023 (the "Information Circular") and is available on the Company's website under "Investors – Presentations & Events" at www.pembina.com. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230508005717/en/ A total of 325,446,419 common shares representing 59.13 percent of the Company's issued and outstan
Cameron Goldade Appointed Chief Financial Officer Henry Sykes to be appointed Chair of the Board of Directors effective January 1, 2023, Replacing Randall Findlay Who Intends to Retire Prior to Next AGM After 16 Years of Service CALGARY, AB, Aug. 25, 2022 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL) (NYSE:PBA) today announced that it has named Cameron Goldade as the Company's Chief Financial Officer. This appointment concludes the previously announced executive search process undertaken by the Company. Mr. Goldade was appointed the Company's interim CFO in November 2021 and previously served as Vice President of Capital Markets. "We are very pleased to a
Cameron Goldade Appointed Chief Financial Officer Henry Sykes to be appointed Chair of the Board of Directors effective January 1, 2023, Replacing Randall Findlay Who Intends to Retire Prior to Next AGM After 16 Years of Service CALGARY, AB, Aug. 25, 2022 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL) (NYSE:PBA) today announced that it has named Cameron Goldade as the Company's Chief Financial Officer. This appointment concludes the previously announced executive search process undertaken by the Company. Mr. Goldade was appointed the Company's interim CFO in November 2021 and previously served as Vice President of Capital Markets. "We are very pleased to announc
CALGARY, AB, May 9, 2022 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL) (NYSE:PBA) reported the voting results from its annual meeting of common shareholders held virtually on May 6, 2022 (the "Meeting"). Each of the matters voted upon at the Meeting is discussed in detail in the Company's Management Information Circular dated March 18, 2022 (the "Information Circular") and is available on the Company's website under "Investors – Presentations & Events" at www.pembina.com. A total of 320,822,849 common shares representing 58.13 percent of the Company's issued and outstanding common shares were voted in person and by proxy in connection with the Meeting. Th
CALGARY, AB, Feb. 23, 2022 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL) (NYSE:PBA) today announced that it has appointed Scott Burrows as the Company's President and Chief Executive Officer. This appointment concludes the previously announced executive search process undertaken by the Pembina Board of Directors. Mr. Burrows previously served as the Company's Chief Financial Officer for approximately seven years and was appointed interim President and Chief Executive Officer in November 2021. Mr. Burrows has also been appointed to the Pembina Board of Directors. "Pembina today has great momentum and significant opportunities, and we are thrilled to have
CALGARY, AB, Nov. 22, 2021 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL) (NYSE:PBA) today announced that Mick Dilger has stepped down as President and Chief Executive Officer to pursue other opportunities. The Board of Directors has named Scott Burrows, Pembina's current Chief Financial Officer, as interim President and Chief Executive Officer. The Board will be working with a leading search firm to identify and evaluate internal and external candidates for a new CEO to lead Pembina in its next chapter. With Mr. Burrows' appointment, Cameron Goldade, currently Pembina's Vice President – Capital Markets, has been appointed interim Chief Financial Officer.
CALGARY, AB, Oct. 20, 2021 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL) (NYSE:PBA) is pleased to announce its commitment to reduce the Company's greenhouse gas ("GHG") emissions intensity by 30 percent by 2030, relative to baseline 2019 emissions. The GHG reduction target will help guide business decisions and improve overall emissions intensity performance while increasing Pembina's long-term value and ensuring Canadian energy is developed and delivered responsibly. "Pembina has never been one to shy away from a challenge. As the world around us continues to evolve, Pembina is embracing the opportunity to adapt, respond and contribute to a more susta
CALGARY, AB, May 10, 2021 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL) (NYSE:PBA) reported the voting results from its annual meeting of common shareholders held virtually on May 7, 2021 (the "Meeting"). Each of the matters voted upon at the Meeting is discussed in detail in the Company's Management Information Circular dated March 19, 2021 (the "Information Circular") and is available on the Company's website under "Investors – Shareholder Information" at www.pembina.com. A total of 328,903,599 common shares representing 59.81 percent of the Company's issued and outstanding common shares were voted in person and by proxy in connection with the Meeting.
CALGARY, AB, Jan. 12, 2021 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) announced today that it has priced an offering of $600 million of 4.80% Fixed-to-Fixed Rate Subordinated Notes, Series 1 due January 25, 2081 (the "Offering"). The Offering is expected to close on or about January 25, 2021, subject to customary closing conditions. Pembina expects to use the net proceeds of the Offering to redeem or repurchase its outstanding cumulative redeemable minimum rate reset Class A Preferred Shares, Series 11 (TSX: PPL.PR.K) and its cumulative redeemable minimum rate reset Class A Preferred Shares, Series 13 (TSX: PPL.PR.M), to repay other out