Gibson Energy Issues $375 Million in Senior Unsecured Notes

Gibson Energy ( (TSE:GEI) ) has provided an update.

Gibson Energy announced the issuance of $375 million in senior unsecured notes due in 2032, with a 4.45% interest rate. The proceeds from this offering will be used to repay outstanding debt, including a recently matured $325 million note, and for general corporate purposes. This move is part of Gibson’s strategy to manage its financial obligations and support its operational goals, potentially strengthening its position in the energy infrastructure sector.

The most recent analyst rating on (TSE:GEI) stock is a Buy with a C$28.00 price target. To see the full list of analyst forecasts on Gibson Energy stock, see the TSE:GEI Stock Forecast page.

Spark’s Take on TSE:GEI Stock

According to Spark, TipRanks’ AI Analyst, TSE:GEI is a Neutral.

Gibson Energy’s overall stock score reflects a balanced view of its strengths and challenges. Strong cash flow management and technical indicators support the stock’s performance, while high leverage and valuation concerns pose risks. Recent corporate achievements and a solid dividend yield enhance its attractiveness.

To see Spark’s full report on TSE:GEI stock, click here.

More about Gibson Energy

Gibson Energy is a leading liquids infrastructure company specializing in the storage, optimization, processing, and gathering of liquids and refined products, as well as waterborne vessel loading. Headquartered in Calgary, Alberta, the company operates across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan. Gibson shares trade under the symbol GEI on the Toronto Stock Exchange.

YTD Price Performance: 9.20%

Average Trading Volume: 551,179

Technical Sentiment Signal: Buy

Current Market Cap: C$4.22B

For an in-depth examination of GEI stock, go to TipRanks’ Overview page.