Investor Presentaiton
Transaction Summary
GIBSON
ENERGY
Fully financed C$1.485 billion acquisition of the South Texas Gateway Terminal, located in the Port of Corpus Christi
Overview of
Terms
■ Gibson to acquire 100% of the membership interests of the South Texas Gateway Terminal LLC ("STLLC")
for a total purchase price of US$1.1 billion (C$1.485 billion (¹)) in cash.
Transaction is fully financed
Secured fully committed bridge financing facilities totaling US$1.1 billion (C$1.485 billion (¹))
■ Permanent financing of the transaction expected to be achieved through:
■ C$350 million (plus a 15% over-allotment option, if exercised) bought deal subscription receipt
equity financing (the "Equity Offering")
■ Subsequent offerings of senior unsecured medium-term notes and hybrid debt securities of various
tenors (the "Debt Offerings")
EXPANDING CORE TERMINALS FOOTPRINT
Approvals
& Closing
Approved by the Board of Directors of Gibson
Transaction is subject to satisfaction of all customary closing conditions and receipt of all required
regulatory approvals, including expiry or termination of the Hart-Scott-Rodino ("HSR") waiting period
■ Expected close in Q3 2023
4
(1) Assumes a CAD/USD FX rate of 1.35.View entire presentation