Pembina Pipeline Corp. closed its bought deal offering of about 10.1 million common shares priced at CA$34 each, the company said March 29.
The aggregate gross proceeds are about CA$345 million. The offer included an overallotment option for underwriters to purchase about 1.3 million additional shares.
The net proceeds and funds available under the credit facilities will finance the purchase price for the proposed acquisition of certain natural gas processing assets from Paramount Resources, Pembina said.
Pembina Pipeline Corp. is based in Calgary, Alberta.