Pembina Pipeline Corporation Announces $200 Million Medium-Term Note Public Offering

 Pembina Pipeline Corporation Announces $200 Million Medium-Term Note Public

PR Newswire

CALGARY, April 25, 2013

CALGARY, April 25, 2013 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina"
or the "Company") (TSX: PPL, NYSE: PBA) announced today that it has agreed to
offer $200 million of senior unsecured medium-term notes. The notes have a
fixed interest rate of 4.75% per annum, paid semi-annually, and will mature on
April 30, 2043.

Closing of the offering is anticipated to occur on April 30 and the net
proceeds will be used to reduce short term indebtedness of the Company under
its credit facilities and for other general corporate purposes.

The notes are being offered through a syndicate of dealers under Pembina's
short-form base shelf prospectus dated February 22, 2013, a related prospectus
supplement dated April 24, 2013 and a related pricing supplement to be dated
April 25, 2013.

This news release does not constitute an offer to sell or the solicitation of
an offer to buy the notes in any jurisdiction in which such an offer,
solicitation or sale would be unlawful. The notes being offered have not been
approved or disapproved by any regulatory authority. The notes have not been
and will not be registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act"), or any state securities laws, and may not
be offered or sold within the United States unless an exemption from the
registration requirements of the U.S. Securities Act is available.

About Pembina

Calgary-based Pembina Pipeline Corporation is a leading transportation and
midstream service provider that has been serving North America's energy
industry for nearly 60 years. Pembina owns and operates: pipelines that
transport conventional and synthetic crude oil and natural gas liquids
produced in western Canada; oil sands, heavy oil and diluent pipelines; gas
gathering and processing facilities; and, an oil and natural gas liquids
infrastructure and logistics business. With facilities strategically located
in western Canada and in natural gas liquids markets in eastern Canada and the
U.S., Pembina also offers a full spectrum of midstream and marketing services
that spans across its operations. Pembina's integrated assets and commercial
operations enable it to offer services needed by the energy sector along the
hydrocarbon value chain.

Forward-Looking Information and Statements

This news release contains certain forward-looking information and statements
that are based on Pembina's current expectations, estimates, projections and
assumptions in light of its experience and its perception of historical
trends. In this news release, such forward-looking information and statements
can be identified by terminology such as "anticipates", "expects", "plans",
"estimates", "will", "aims" and similar expressions.

In particular, this news release contains forward-looking information and
statements relating to Pembina's growth plans and the offering, including the
anticipated closing date of the offering and the anticipated use of the net
proceeds of the offering. These forward-looking statements are based on
certain assumptions that Pembina has made in respect thereof as at the date of
this news release, including: that favourable growth parameters continue to
exist in respect of current and future growth projects (including the ability
to finance such projects on favourable terms); that Pembina's businesses will
continue to achieve sustainable financial results; and that the conditions to
the closing of the offering can be met on the anticipated timelines.

These forward-looking statements are not guarantees of future performance and
are subject to a number of known and unknown risks and uncertainties,
including, but not limited to: in respect of the offering, the inability of
Pembina to satisfy the conditions to the closing of the offering in a timely
manner, or at all; non-performance of agreements in accordance with their
terms; the impact of competitive entities and pricing; reliance on key
industry partners, alliances and agreements; the strength and operations of
the oil and natural gas production industry and related commodity prices; the
continuation or completion of third-party projects; regulatory environment and
inability to obtain required regulatory approvals; tax laws and treatment;
fluctuations in operating results; the ability of Pembina to raise sufficient
capital to complete future projects and satisfy future commitments;
construction delays; labour and material shortages; and certain other risks
detailed from time to time in Pembina's public disclosure documents including,
among other things, those detailed under the heading "Risk Factors" in
Pembina's management's discussion and analysis and annual information form for
the year ended December 31, 2012, which can be found at The
intended use of the net proceeds of the offering by Pembina may change if the
board of directors of Pembina determines that it would be in the best
interests of Pembina to deploy the proceeds for some other purpose.

Accordingly, readers are cautioned that events or circumstances could cause
results to differ materially from those predicted, forecasted or projected.
Such forward-looking statements are expressly qualified by the above
statements. Pembina does not undertake any obligation to publicly update or
revise any forward-looking statements contained herein, except as required by
applicable laws.

All dollar values are in Canadian dollars.

SOURCE Pembina Pipeline Corporation


Investor Inquiries:
Scott Burrows
Vice-President, Corporate Development and Investor Relations
(403) 231-3156


Media Inquiries:
Shawn Davis
Manager, Communications & Public Affairs
(403) 231-7500
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