Gibson Energy to issue $375 million in senior unsecured notes

CALGARY - Gibson Energy Inc. (TSX:GEI) announced Monday that it has agreed to issue $375 million of 4.45% senior unsecured notes due August 20, 2032. The company, which currently maintains a debt-to-equity ratio of 1.71 and holds a market capitalization of approximately $4.1 billion, is seeking to optimize its debt structure.

The offering is expected to close on August 20, 2025, subject to customary closing conditions, according to a company press release.

Gibson plans to use the net proceeds to repay outstanding debt under its revolving credit facility and for general corporate purposes. This includes amounts borrowed to repay the company’s $325 million principal amount 2.45% senior unsecured notes, which matured on July 14, 2025.

The notes are being offered in Canada on a private placement basis through a syndicate of agents led by RBC Capital Markets and BMO Capital Markets.

Gibson Energy is a liquids infrastructure company with operations across North America. The company’s core terminal assets are located in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and Moose Jaw, Saskatchewan.

The notes have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States.

In other recent news, Gibson Energy Inc. reported its second-quarter 2025 earnings, surpassing market expectations with both earnings per share (EPS) and revenue. The company achieved an EPS of $0.37, which exceeded the forecast of $0.2794, marking a 32.43% surprise. Gibson Energy also reported revenue of $2.76 billion, significantly higher than the anticipated $1.75 billion, representing a 57.71% surprise. These results highlight Gibson Energy’s strong performance in the recent quarter. The earnings announcement has garnered attention from investors and analysts alike. The robust financial results are a key focus for stakeholders assessing the company’s recent developments. Analyst firms may consider these figures in their future evaluations of Gibson Energy.

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