Pembina Pipeline Corp. closed its C$1 billion nonrevolving term loan with existing lenders to be used to partially repay debt under its C$2.5 billion revolver.
The term loan will have an initial term of three years, prepayable at the company's option, according to a March 9 news release. Pembina also extended its C$2.5 billion revolving credit facility to mature May 31, 2023.
Pembina owns an integrated system of pipelines that transport various hydrocarbon liquids and natural gas products produced primarily in western Canada.
