UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT
TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of April, 2015
Commission File Number: 001-35563
PEMBINA PIPELINE CORPORATION
(Name of registrant)
(Room #39-095) 4000, 585 8th Avenue S.W.
Calgary, Alberta T2P 1G1
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F.
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
PEMBINA PIPELINE CORPORATION |
|
|
|
|
|
|
|
|
|
|
|
Date: April 10, 2015 |
By: |
/s/ Scott Burrows |
|
|
|
Name: Scott Burrows |
|
|
|
Title: Vice President, Finance and Chief Financial Officer |
|
|
|
|
Form 6-K Exhibit Index
Exhibit
Number |
|
Document
Description |
|
|
|
99.1 |
|
News Release Dated
April 10, 2015 - Pembina Pipeline Corporation Announces Closing of $225 Million Preferred Share Offering
|
Exhibit 99.1
Pembina Pipeline Corporation Announces Closing of $225 Million Preferred Share
Offering
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES./
CALGARY, April 10, 2015 /CNW/ - Pembina Pipeline Corporation ("Pembina"
or "the Company") (TSX: PPL; NYSE: PBA) is pleased to announce that it has closed its previously announced public offering
of cumulative redeemable rate reset class A preferred shares, Series 9 (the "Series 9 Preferred Shares") for aggregate
gross proceeds of $225 million (the "Offering").
The Offering was announced on March 31, 2015 when Pembina entered into
an agreement with a syndicate of underwriters co-led by Scotiabank and RBC Capital Markets. A total of 9,000,000 Series 9 Preferred
Shares, which includes 1,000,000 Series 9 Preferred Shares issued pursuant to the partial exercise of the underwriters' option,
were sold under the Offering.
Proceeds from the Offering will be used to reduce indebtedness under the
Company's credit facilities, which indebtedness was incurred in connection with Pembina's 2015 capital expenditure program.
The Series 9 Preferred Shares will begin trading on the Toronto Stock
Exchange today under the symbol PPL.PR.I.
Dividends on the Series 9 Preferred Shares are expected to be $0.2969
quarterly, or $1.1875 per share on an annualized basis, payable on the 1st day of March, June, September and December,
as and when declared by the Board of Directors of Pembina, for the initial fixed rate period to but excluding December 1, 2020.
The first dividend, if declared, will be payable September 1, 2015, in the amount of $0.4685 per share.
All of Pembina's dividends are designated "eligible dividends"
for Canadian income tax purposes.
This news release does not constitute an offer to sell or a solicitation
of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws
or an exemption from such registration is available.
About Pembina
Calgary-based Pembina Pipeline Corporation is a leading transportation
and midstream service provider that has been serving North America's energy industry for over 60 years. Pembina owns and operates
pipelines that transport various hydrocarbon liquids including conventional and synthetic crude oil, heavy oil and oil sands products,
condensate (diluent) and natural gas liquids produced in western Canada and ethane produced in North Dakota. The Company also owns
and operates gas gathering and processing facilities and an oil and natural gas liquids infrastructure and logistics business.
With facilities strategically located in western Canada and in natural gas liquids markets in eastern Canada and the U.S., Pembina
also offers a full spectrum of midstream and marketing services that spans across its operations. Pembina's integrated assets and
commercial operations enable it to offer services needed by the energy sector along the hydrocarbon value chain.
Forward-Looking Statements & Information
This document contains certain forward-looking statements and information
(collectively, "forward-looking statements") that are based on Pembina's current expectations, estimates, projections
and assumptions in light of its experience and its perception of historical trends. In some cases, forward-looking statements
can be identified by terminology such as "plans", "expects", "proposes", "projects", "will",
"estimates", "anticipates", "develop", "could" and similar expressions suggesting future
events or future performance.
In particular, this news release contains forward-looking statements
relating to the planned use of proceeds from the Offering and the timing and amount of dividend payments. These forward-looking
statements are being made by Pembina based on certain assumptions that Pembina has made in respect thereof as at the date of this
document, including: that favourable growth parameters continue to exist in respect of current and future growth projects (including
the ability to finance such projects on favourable terms); and that Pembina's businesses will continue to achieve sustainable financial
results. These forward-looking statements are not guarantees of future performance and are subject to a number of known and
unknown risks and uncertainties, including, but not limited to: non-performance of agreements in accordance with their terms; the
impact of competitive entities and pricing; reliance on key industry partners, alliances and agreements; the strength and operations
of the oil and natural gas production industry and related commodity prices; the continuation or completion of third-party projects;
regulatory environment and inability to obtain required regulatory approvals; tax laws and treatment; fluctuations in operating
results; the ability of Pembina to raise sufficient capital to complete future projects and satisfy future commitments; construction
delays; labour and material shortages; and certain other risks detailed from time to time in Pembina's public disclosure documents
including, among other things, those detailed under the heading "Risk Factors" in Pembina's management's discussion and
analysis and annual information form for the year ended December 31, 2014, which can be found at www.sedar.com. There can
be no assurance that dividends will be paid. The declaration and payment of any dividend by Pembina is at the discretion of the
Company's Board of Directors and will depend on numerous factors, including compliance with applicable laws and the financial performance,
debt, obligations, working capital requirements and future capital requirements of Pembina and its subsidiaries. The intended use
of the net proceeds of the offering by Pembina may change if the board of directors of Pembina determines that it would be in the
best interests of Pembina to deploy the proceeds for some other purpose.
Accordingly, readers are cautioned that events or circumstances could
cause results to differ materially from those predicted, forecasted or projected. Such forward-looking statements are expressly
qualified by the above statements. Pembina does not undertake any obligation to publicly update or revise any forward-looking
statements or information contained herein, except as required by applicable laws.
Pembina Pipeline® is a registered trademark of Pembina Pipeline
Corporation.
SOURCE Pembina Pipeline Corporation
%CIK: 0001546066
For further information: Investor Inquiries: Scott Burrows, Vice President,
Finance and CFO, (403) 231-3156, 1-855-880-7404, e-mail: investor-relations@pembina.com; Media Inquiries: Tanis Fiss, Supervisor,
External Communications, (403) 817-7131, e-mail: media@pembina.com
CO: Pembina Pipeline Corporation
CNW 09:01e 10-APR-15
Pembina Pipeline (NYSE:PBA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Pembina Pipeline (NYSE:PBA)
Historical Stock Chart
From Jul 2023 to Jul 2024