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BRIEF-Inter Pipeline Announces New Measures To Enhance Financial Flexibility

Published 2020-04-24, 12:21 p/m
IPL
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April 24 (Reuters) - Inter Pipeline Ltd IPL.TO :

* INTER PIPELINE ANNOUNCES NEW MEASURES TO ENHANCE FINANCIAL FLEXIBILITY

* INTER PIPELINE LTD - ENTERED INTO A NEW $1 BILLION UNSECURED REVOLVING CREDIT FACILITY

* INTER PIPELINE LTD - INTER PIPELINE HAS ALSO EXTENDED MATURITY DATE OF ITS DRAWN $500 MILLION TERM LOAN FACILITY BY TWO-YEARS TO AUGUST 2022

* INTER PIPELINE LTD - DEBT MATURITIES IN 2020 HAVE BEEN SIGNIFICANTLY REDUCED, WITH $500 MILLION OF MEDIUM-TERM NOTES MATURING THIS YEAR

* INTER PIPELINE LTD - FACILITY HAS AN INITIAL TERM OF 16-MONTHS

* INTER PIPELINE LTD - INTER PIPELINE NOW HAS $2.2 BILLION OF AVAILABLE CAPACITY ON ITS EXISTING REVOLVING CREDIT FACILITIES

* INTER PIPELINE LTD - IS WELL POSITIONED TO REFINANCE ANY NEAR-TERM DEBT OBLIGATIONS IN EVENT OF A PROLONGED CAPITAL MARKET DISRUPTION

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