DBRS Rates Pembina’s New Issue at BBB, Stable Trend

DBRS has today assigned a rating of BBB with a Stable trend to Pembina Pipeline Corporation’s (Pembina or the Company) issue of CAD 600 million 4.81% Unsecured Medium-Term Notes, Series 4 (the Series 4 Notes), maturing on March 25, 2044.

The Series 4 Notes will be direct, unsecured obligations of Pembina, ranking pari passu with all other unsecured and unsubordinated indebtedness of the Company.

The net proceeds to Pembina from the sale of the Series 4 Notes will be used by Pembina for the repayment of certain long term-debt upon maturity, as well as to fund the Company’s capital program and for other general corporate purposes.

Notes:
The applicable methodology is Rating Pipeline and Diversified Energy Companies, which can be found on the DBRS website under Methodologies.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com