Closing of the Offering is expected to occur on September 12, 2019 and the net proceeds are intended to be used to repay short-term indebtedness of the Company under its unsecured $1.0 billion non-revolving term loan due March 2021 , as well as to fund Pembina’s capital program and for general corporate purposes.

source https://finance.yahoo.com/news/pembina-pipeline-corporation-announces-1-222700438.html?.tsrc=rss