Gibson Energy closes its $350 Million Notes Offering

On June 12, 2014, Gibson Energy Inc. ("Gibson") a large, independent midstream energy company in Canada and an integrated service provider to the oil and gas industry in the U.S, closed its Senior Unsecured Notes offering consisting of CDN$300 million aggregate principal amount of 5.375% Senior Unsecured Notes issued at par and due July 15, 2022 and US$50 million aggregate principal amount of 6.75% Senior Unsecured Notes issued at 108% and due July 15, 2021. Gibson intends to use the net proceeds from the notes offering to repay all outstanding indebtedness under its revolving credit facility, with the remaining net proceeds to be used to fund planned capital expenditures and for general corporate purposes.

The Norton Rose Fulbright team advised Gibson on all aspects of the notes offering. The team was led by Rick Borden and included Jennifer Kennedy, Marcus Archer, Marlow Gereluk, Dion Legge, Darren Hueppelsheuser, Peter Wiazowski, Kathleen Cowick, Peter Allegretto, Jason Giborski, Anna Wingfield and Grant Stevens.