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Gibson Energy Ulc
Gibson Energy ULC announces pricing of First Lien Senior Secured Notes due 2014
June 14th, 2009
Gibson Energy ULC ("Gibson") announced that it has priced U.S.$560 million of 11.75% First Lien Senior Secured notes (the "Notes"). The offering was increased from a previously announced size of U.S.$545 million. The Notes, due May 27, 2014, will be issued at 97.2706% of the principal amount to yield 12.50%. The transaction is expected to close May 27, 2009, subject to certain closing conditions. Gibson intends to use the net proceeds from the offering and cash on hand to repay in full its existing U.S.$545 million bridge loans. The Notes are being sold in the United States to qualified institutional buyers in reliance on Rule 144A and outside the...
Source: Pharma Investments, Ventures & Law Weekly (2009-06-14)
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