DBRS Assigns Rating of Pfd-3 to Pembina Pipeline Corporation’s Series 7 Preferred Shares, Stable Trend

DBRS has today assigned a rating of Pfd-3 with a Stable trend to the $250 million Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 7 (the Series 7 Preferred Shares) issued by Pembina Pipeline Corporation (Pembina or the Company).

The Series 7 Preferred Shares will rank pari passu with all of Pembina’s currently outstanding Class A Preferred Shares and will rank junior to all of Pembina’s debentures, notes and other unsecured and unsubordinated indebtedness. The net proceeds of the offering will be used by Pembina to partially fund its capital projects, and for other general corporate purposes of the Corporation and its affiliates.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.

The applicable methodology is Rating Pipeline and Diversified Energy Companies (January 2014), which can be found on our website under Methodologies.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

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