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Pembina Pipeline Corporation Announces Successful Completion of Consent and Proxy Solicitation for 4.80% Fixed-to-Fixed Rate Subordinated Notes, Series 1

1. Pembina secured strong support for its Series 1 Notes solicitation. 2. The approval may enhance Pembina's financial flexibility.

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FAQ

Why Bullish?

Strong support for debt restructuring can improve the company's liquidity and investment capacity. Historical examples, like other firms enhancing capital structure, often result in positive stock movements.

How important is it?

The outcome of the solicitation directly affects Pembina’s capital structure, influencing its operational capabilities and market perception.

Why Long Term?

Enhanced financial flexibility from successful solicitations can support growth and strategic initiatives over time. Similar outcomes have been seen in other energy sector firms.

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PPLENBTRP
CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) is pleased to announce the completion of its previously announced solicitation of written consents and proxies (the "Solicitation") from holders (the "Series 1 Noteholders") of Pembina's 4.80% Fixed-to-Fixed Rate Subordinated Notes, Series 1 due January 25, 2081 (the "Series 1 Notes"). The Solicitation received strong support and the Extraordinary Resolution (as defined below) was.

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