Pembina Pipeline Corporation Announces $500 Million Public Note Offering

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Jun 20, 2023

Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it has agreed to issue $500million aggregate principal amount of senior unsecured medium-term notes (the "Offering"). The Offering will be conducted in three tranches consisting of $300 million principal amount of senior unsecured medium-term notes, series 19 (the "Series 19 Notes") having a fixed coupon of 5.72% per annum, paid semi-annually, and maturing on June 22, 2026; $100 million principal amount to be issued through a re-opening of the Company's senior unsecured medium-term notes, series 5 (the "Series 5 Notes") having a fixed coupon of 3.54% per annum, paid semi-annually, and maturing on February 3, 2025;and$100 million principal amount to be issued through a re-opening of the Company's senior unsecured medium-term notes, series 6 (the "Series 6 Notes") having a fixed coupon of 4.24% per annum, paid semi-annually, and maturing on June 15, 2027.