Brief: Gibson Energy Acquires Texas Gulf Coast Crude Oil Export Facility For $1.1 Bln

Gibson Energy

14/06/2023 21:46

June 14 (Reuters) - Gibson Energy Inc  GEI.TO :
    * GIBSON ENERGY EXPANDS LIQUIDS INFRASTRUCTURE PLATFORM WITH
ACQUISITION OF TEXAS GULF COAST CRUDE OIL EXPORT FACILITY FOR
US$1.1 BILLION, ANNOUNCES CONCURRENT $350 MILLION SUBSCRIPTION
RECEIPT BOUGHT DEAL OFFERING
    * GIBSON ENERGY - FULLY COMMITTED BRIDGE FINANCING
FACILITIES OF
$1.1 BILLION IN PLACE WITH ROYAL BANK OF CANADA, BMO CAPITAL
MARKETS, JPMORGAN CHASE BANK N.A.,
    * GIBSON ENERGY INC- WLL ALSO BE LAUNCHING AN AMENDMENT TO
UPSIZE
ITS SUSTAINABILITY-LINKED REVOLVING CREDIT FACILITY FROM $750
MILLION TO $1.0 BILLION
    * GIBSON ENERGY - POST DEAL, PROPORTION OF SEGMENT PROFIT
FROM
INFRASTRUCTURE IS EXPECTED TO INCREASE TO ABOUT 85%
    * GIBSON ENERGY INC - POST DEAL, PROPORTION OF
INFRASTRUCTURE
REVENUE FROM TAKE-OR-PAY CONTRACTS IS EXPECTED TO INCREASE TO
ABOUT 80%
    * GIBSON ENERGY INC- FINANCING OF TRANSACTION, INCLUDING
EQUITY
OFFERING AND CONTEMPLATED DEBT OFFERINGS
    * GIBSON ENERGY INC - LAUNCHING AMENDMENT TO UPSIZE
SUSTAINABILITY-LINKED REVOLVING CREDIT FACILITY FROM $750
MILLION TO $1.0 BILLION
    * GIBSON ENERGY INC- PURSUANT TO EQUITY OFFERING, ENTERED
INTO
AGREEMENT FOR ISSUANCE OF 17.4 MILLION SUBSCRIPTION RECEIPTS ON
A BOUGHT DEAL BASIS

Source text for Eikon:  ID:nGNX7xvlkf 
Further company coverage:  GEI.TO 

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