PEMBINA PIPELINE PFD A 1

Pembina has completed a placement of Fixed-to-Fixed Rate Subordinated Notes (Series 2) totaling $225 million with a 5.95% coupon and maturity on June 6, 2055. The notes were placed by a banking syndicate led by CIBC, BMO and Scotiabank; net proceeds are to be used to repay all outstanding cumulative, redeemable Class A, Series 9 preferred shares (total repayment amount $225 million). Pembina also confirmed the latest quarterly dividend on those preferred shares and is considering additional subordinated issuances to finance repayments and for general corporate purposes. » More on de.investing.com

Pembina Pipeline is considering issuing subordinated notes under its short form prospectus of December 2023; net proceeds, if the offering is successful, would be used to redeem the outstanding cumulative, retractable series 9 preferred shares and for general corporate purposes. The company reports a current ratio of 0.77 and emphasizes a 21-year dividend history with a current yield of 5.01%. No final terms or timetable have been set, and the notes are not registered under the US Securities Act and therefore may not be offered in the United States. » More on de.investing.com

The Canada Energy Regulator has approved a settlement between Alliance Pipeline and shippers for the Canadian segment, Pembina Pipeline said. The settlement sets a fee structure for ten years and is expected to reduce volume-weighted transportation fees by about 14% on average; the agreement takes effect on November 1, 2025. The Alliance Pipeline transports an average of 1.7 billion cubic feet of natural gas per day; Raymond James simultaneously raised its price target for Pembina but noted recent operational challenges. » More on de.investing.com