Gibson Energy Announces Closing of $350 Million Note Offering and Redemption of its 2026 Notes
Portfolio Pulse from
Gibson Energy Inc. has successfully closed a $350 million note offering with a 4.45% interest rate, maturing in 2031. The notes have been rated 'BBB–' by S&P Global Ratings and 'BBB (low)' by DBRS Morningstar.
November 12, 2024 | 10:15 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Gibson Energy has closed a $350 million note offering, which may improve its financial flexibility. The notes are rated 'BBB–' by S&P and 'BBB (low)' by DBRS.
The successful closing of the note offering provides Gibson Energy with additional capital, potentially improving its financial position. The investment-grade ratings from S&P and DBRS suggest a stable credit outlook, which is positive for the company's financial health.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100