Pembina Pipeline (PBA) Updates on Progress Within Midstream Business

S&P Affirms Ratings on Pembina Pipeline (PBA) Amid Paramount Resources Asset Acquisition

Standard & Poor's Ratings Services said it affirmed its ratings on Pembina Pipeline Corp. (NYSE: PBA), including its 'BBB' long-term corporate credit rating on the company. The outlook is stable.

Pembina announced the purchase of the Kakwa sour gas processing facility, associated pipeline and other infrastructure assets from Paramount Resources Ltd. (B-/Stable/--) for approximately C$556 million. We expect Pembina to finance the transaction through a combination of a C$300 million bought deal equity financing with a C$45 million over-allotment option, and draws on Pembina's revolving credit... More

Pembina Pipeline (PBA) Enters Bought Deal Financing Arrangement Covering ~8.23M Common at $34/Share

All financial figures are in Canadian dollars.

Pembina Pipeline Corporation (NYSE: PBA) announced that it has entered into an agreement with a syndicate of underwriters, pursuant to which the underwriters have agreed to purchase from Pembina on a "bought deal" basis and sell to the public 8,825,000 common shares at a price of $34.00 per share, for gross proceeds of approximately $300 million. Pembina has also granted the underwriters an over-allotment option to purchase, on the same terms and... More

Pembina Pipeline (PBA) Raises Quarterly Dividend 4.9% to $0.16; 2.3% Yield

Pembina Pipeline (NYSE: PBA) declared a quarterly dividend of $0.16 per share, or $0.64 annualized. This is a 4.9% increase from the prior dividend of $0.1525.

The dividend will be payable on May 13, 2016, to stockholders of record on April 25, 2016, with an ex-dividend date of April 21,... More

Pembina Pipeline (PBA) to Acquire Sour Nat Gas Assets from Paramount Resources in $556M Deal; Boosts Dividend

Pembina Pipeline Corporation (NYSE: PBA) announced that it has entered into agreements to acquire certain sour natural gas processing assets (the "Acquired Assets") from Paramount Resources ("Paramount") for cash consideration of approximately $556 million, subject to customary closing adjustments (the "Transaction").

Transaction Highlights

The Acquired Assets include Paramount's recently constructed Kakwa sour natural gas processing complex and associated infrastructure including gas gathering pipelines, sales gas pipeline and future disposal wells (the "Kakwa Assets"); and Paramount's preliminary engineering studies, licenses and surface rights for the future construction of a sour natural gas processing facility (the... More