UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT
TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of October 2022
Commission File Number: 001-35563
PEMBINA PIPELINE CORPORATION
(Name of registrant)
(Room #39-095) 4000, 585 8th Avenue S.W.
Calgary, Alberta T2P 1G1
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F.
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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PEMBINA PIPELINE CORPORATION |
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| Date: October 14, 2022 |
By: |
/s/ Cameron Goldade |
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Name: Cameron Goldade |
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Title: Chief Financial Officer |
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Form
6-K Exhibit Index
Exhibit
99.1
Pembina Pipeline Corporation Announces Redemption
of Series 23 Preferred Shares
All financial figures are in Canadian dollars unless
otherwise noted.
CALGARY, AB, Oct. 14, 2022 /CNW/ - Pembina Pipeline
Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) announced today its intention to redeem its issued
and outstanding Cumulative Redeemable Minimum Rate Reset Class A Preferred Shares, Series 23 ("Series 23 Shares") (TSX: PPL.PF.C)
on November 15, 2022 (the "Redemption Date").
Pembina intends to redeem all of its 12,000,000 issued
and outstanding Series 23 Shares, in accordance with the terms of the Series 23 Shares, as set out in the Company's articles of amendment
dated December 16, 2019, on the Redemption Date for a redemption price equal to $25.00 per Series 23 Share (the "Redemption
Price"), less any tax required to be deducted or withheld by the Company. The total redemption price to Pembina will be $300
million.
As previously announced, the dividend payable on November
15, 2022, to holders of the Series 23 Shares of record on October 31, 2022, will be $0.328125 per Series 23 Share. This will be the final
quarterly dividend on the Series 23 Shares. Upon payment of the November 15, 2022, dividend, there will be no accrued and unpaid
dividends on the Series 23 Shares as at the Redemption Date.
The Company has provided notice today of the Redemption
Price and the Redemption Date to the sole registered holder of the Series 23 Shares in accordance with the terms of the Series 23 Shares,
as set out in the Company's articles of amendment dated December 16, 2019. For non-registered holders of Series 23 Shares, no further
action is required however, they should contact their broker or other intermediary with any questions regarding the redemption process
for the Series 23 Shares in which they hold a beneficial interest. The Company's transfer agent for the Series 23 Shares is Computershare
Investor Services Inc. Questions regarding the redemption process may also be directed to Computershare at 1-800-564-6253 or by email
to corporateactions@computershare.com.
About Pembina
Pembina Pipeline Corporation is a leading energy transportation
and midstream service provider that has served North America's energy industry for more than 65 years. Pembina owns an integrated network
of hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure
and logistics services, and a growing export terminals business. Through our integrated value chain, we seek to provide safe and reliable
infrastructure solutions which connect producers and consumers of energy across the world, support a more sustainable future and benefit
our customers, investors, employees and communities. For more information, please visit pembina.com.
Purpose of Pembina:
To be the leader in delivering integrated infrastructure
solutions connecting global markets:
- Customers choose us first for reliable and value-added
services.
- Investors receive sustainable industry-leading total returns.
- Employees say we are the 'employer of choice' and value
our safe, respectful, collaborative and inclusive work culture.
- Communities welcome us and recognize the net positive impact
of our social and environmental commitment.
Pembina is structured into three Divisions: Pipelines
Division, Facilities Division and Marketing & New Ventures Division.
Pembina's common shares trade on the Toronto and New
York stock exchanges under PPL and PBA, respectively. For more information, visit www.pembina.com.
Forward-Looking Information and Statements
This news release contains certain forward-looking
statements and information (collectively, "forward-looking statements" within the meaning of the "safe harbor" provisions
of applicable securities legislation that are based on Pembina's current expectations, estimates, projections and assumptions in light
of its experience and its perception of historical trends. In some cases, forward-looking statements can be identified by terminology
such as "should", "may", "intend", "will", "continue", "if", "to be",
"expects", and similar expressions suggesting future events or future performance.
In particular, this news release contains forward-looking
statements relating to, without limitation, the timing and process applicable to the redemption of the Series 23 Shares, the expected
source of funds for payment of the total Redemption Price; and the payment of future dividends on the Series 23 Shares.,
The forward-looking statements are based on certain
assumptions that Pembina has made in respect thereof as at the date of this news release regarding, among other things: oil and gas industry
exploration and development activity levels and the geographic region of such activity; the success of Pembina's operations; prevailing
commodity prices, interest rates, carbon prices, tax rates and exchange rates; the ability of Pembina to maintain current credit ratings;
the availability of capital to fund future capital requirements relating to existing assets and projects; future operating costs; geotechnical
and integrity costs; that all required regulatory and environmental approvals can be obtained on the necessary terms in a timely manner;
prevailing regulatory, tax and environmental laws and regulations; maintenance of operating margins; and certain other assumptions in
respect of Pembina's forward-looking statements detailed in Pembina's Management's Discussion and Analysis and Annual Information Form
for the year ended December 31, 2021 and from time to time in Pembina's public disclosure documents available at www.sedar.com, www.sec.gov
and through Pembina's website at www.pembina.com.
Although Pembina believes the expectations and
material factors and assumptions reflected in these forward-looking statements are reasonable as of the date hereof, there can be no assurance
that these expectations, factors and assumptions will prove to be correct. 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: the regulatory environment
and decisions and Indigenous and landowner consultation requirements; the impact of competitive entities and pricing; reliance on third
parties to successfully operate and maintain certain assets; the strength and operations of the oil and natural gas production industry
and related commodity prices; non-performance or default by counterparties to agreements which Pembina or one or more of its affiliates
has entered into in respect of its business; actions by governmental or regulatory authorities; the ability of Pembina to acquire or develop
the necessary infrastructure in respect of future development projects; fluctuations in operating results; adverse general economic and
market conditions in Canada, North America and worldwide; risks relating to the current and potential adverse impacts of the COVID-19
pandemic; the ability to access various sources of debt and equity capital; changes in credit ratings; counterparty credit risk; and certain
other risks and uncertainties detailed in Pembina's Management's Discussion and Analysis and Annual Information Form for the year ended
December 31, 2021 and from time to time in Pembina's public disclosure documents available at www.sedar.com, www.sec.gov and through Pembina's
website at www.pembina.com.
This list of risk factors should not be construed
as exhaustive. Readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted
or projected. The forward-looking statements contained in this news release speak only as of the date hereof. Pembina does not undertake
any obligation to publicly update or revise any forward-looking statements or information contained herein, except as required by applicable
laws. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
View original content to download multimedia:https://www.prnewswire.com/news-releases/pembina-pipeline-corporation-announces-redemption-of-series-23-preferred-shares-301650053.html
SOURCE Pembina Pipeline Corporation
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2022/14/c3135.html
%CIK: 0001546066
For further information: Investor Relations, (403) 231-3156, 1-855-880-7404,
e-mail: investor-relations@pembina.com, www.pembina.com
CO: Pembina Pipeline Corporation
CNW 17:01e 14-OCT-22
This regulatory filing also includes additional resources:
ex991.pdf
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