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Gibson Energy Announces Repricing, Amendment To Credit Facilities

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May 25, 2012

CALGARY -- Gibson Energy Inc. on May 25 announced that Gibson Energy ULC, Gibson's wholly owned subsidiary, has replaced and repriced its existing Term Loan B and expanded its revolving credit facility, all through an amendment of its existing credit agreement.

Among other amendments, the company's existing U.S.$645 million Term Loan B has been replaced with a U.S.$650 million Tranche B Term Loan and has been repriced to reflect a decrease in the interest rate from LIBOR plus 4.5% to LIBOR plus 3.75% and a decrease in the LIBOR Floor ...

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