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Gibson Energy Announces $375 Million Senior Unsecured Note Offering Due 2032

BY MT Newswires | CORPORATE | 08/18/25 04:35 PM EDT

04:35 PM EDT, 08/18/2025 (MT Newswires) -- Gibson Energy (GBNXF) , an oil infrastructure and marketing company, after hours on Monday said it will seek $375 million in an offering of 4.45% senior unsecured notes due August 20, 2032.

The offering is taking place on a private placement and agency basis and is expected to close on August 20, subject to customary closing conditions.

The company intends to use proceeds to pay down its revolving credit facility, which includes replacing its recently matured $325-million senior unsecured note issue.

Gibson Energy (GBNXF) shares closed down $0.17 to $25.59 on the Toronto Stock Exchange.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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