Gibson Energy Inc., a leading North American liquids infrastructure company issued $900 million in senior unsecured medium-term notes and $200 million in hybrid notes, totaling $1.1 billion.

Details of the Offerings:

• Senior Unsecured Medium-Term Notes ($900 million):

  • $350 million of 5.80% notes due 2026
  • $350 million of 5.75% notes due 2033
  • $200 million of 6.20% notes due 2053

• Hybrid Notes ($200 million):

  • 8.70% fixed-to-fixed rate subordinated notes due 2083, callable in 5 years at par

Gibson intended to use the net proceeds to fund a portion of the purchase price for its acquisition of South Texas Gateway Terminal, LLC, announced on June 14, 2023, and to cover associated fees and expenses.