Pembina Pipeline Corp 6-K, filed May 26, 2020

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANTTO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of May 2020

Commission File Number:  001-35563

PEMBINA PIPELINE CORPORATION

(Name of registrant)

(Room #39-095) 4000, 585 8^th^ Avenue S.W.

Calgary, Alberta T2P 1G1

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Form6-K Exhibit Index

Exhibit 99.1

Pembina Pipeline Corporation Announces $500 Million Public Note Offering

CALGARY, May 26, 2020 /CNW/ - Pembina Pipeline Corporation ("Pembina") (TSX: PPL; NYSE: PBA) announced today that it has agreed to issue $500 million of senior unsecured medium-term notes (the "Offering"). The Offering will be conducted in two tranches consisting of $400 million in senior unsecured medium-term notes, series 16 (the "Series 16 Notes") having a fixed coupon of 4.67 percent per annum, paid semi-annually, and maturing on May 28, 2050; and $100 million principal amount to be issued through a re-opening of the Company's 3.71 percent medium-term notes, series 7, due August 11, 2026 (the "Series 7 Notes").

Closing of the Offering is expected to occur on May 28, 2020 and the net proceeds are intended to be used to repay indebtedness of the Company under its unsecured $2.5 billion revolving credit facility due May 2024 incurred in connection with the acquisition of the U.S. portion of the Cochin Pipeline system, as well as to fund Pembina's capital program and for general corporate purposes.

The Series 16 Notes and the re-opening of the Series 7 Notes are being offered through a syndicate of dealers under Pembina's short-form base shelf prospectus dated August 30, 2019, as supplemented by related pricing supplements dated May 26, 2020.

This news release does not constitute an offer to sell or the solicitation of an offer to buy the notes in any jurisdiction. The notes being offered have not been approved or disapproved by any regulatory authority. The notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities law, and may not be offered or sold within the United States.

About Pembina

Calgary-based Pembina Pipeline Corporation is a leading transportation and midstream service provider that has been serving North America's energy industry for 65 years. Pembina owns an integrated system of pipelines that transport various hydrocarbon liquids and natural gas products produced primarily in western Canada. The Company also owns gas gathering and processing facilities; an oil and natural gas liquids infrastructure and logistics business; is growing an export terminals business; and is currently developing a petrochemical facility to convert propane into polypropylene. Pembina's integrated assets and commercial operations along the majority of the hydrocarbon value chain allow it to offer a full spectrum of midstream and marketing services to the energy sector. Pembina is committed to identifying additional opportunities to connect hydrocarbon production to new demand locations through the development of infrastructure that would extend Pembina's service offering even further along the hydrocarbon value chain. These new developments will contribute to ensuring that hydrocarbons produced in the Western Canadian Sedimentary Basin and the other basins where Pembina operates can reach the highest value markets throughout the world.

Purpose of Pembina:

To be the leader in delivering integrated infrastructure solutions connecting global markets;

• Customerschoose us first for reliable and value-added services;
• Investorsreceive sustainable industry-leading total returns;
• Employeessay we are the 'employer of choice' and value our safe, respectful, collaborative and fair work culture; and
• Communities welcome us and recognize the net positive impact of our social and environmental commitment.

Pembina is structured into three Divisions: Pipelines Division, Facilities Division and Marketing & New Ventures Division.

Pembina's common shares trade on the Toronto and New York stock exchanges under PPL and PBA, respectively. For more information, visit www.pembina.com.

Forward-Looking Information and Statements

This document contains certain forward-lookingstatements and information (collectively, "forward-looking statements") within the meaning of the "safe harbor"provisions of applicable securities legislation that are based on Pembina's current expectations, estimates, projections and assumptionsin light of its experience and its perception of historical trends. In some cases, forward-looking statements can be identifiedby terminology such as "intend", "will", "shall", and similar expressions suggesting future eventsor future performance.

In particular, this news release containsforward-looking statements relating to the Offering, including the anticipated closing date of the Offering and the use of thenet proceeds of the Offering. These forward-looking statements are based on certain assumptions that Pembina has made in respectthereof as at the date of this news release, including: prevailing commodity prices, margins and exchange rates, that Pembina'sbusinesses will continue to achieve sustainable financial results and that future results of operations will be consistent withpast performance and management expectations in relation thereto, the availability and sources of capital, operating costs, ongoingutilization and future expansions, the ability to reach required commercial agreements, and the ability to obtain required regulatoryapprovals. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknownrisks and uncertainties, including, but not limited to: non-performance of agreements in accordance with their terms; the impactof competitive entities and pricing; reliance on key industry partners, alliances and agreements; the strength and operations ofthe oil and natural gas production industry and related commodity prices; the continuation or completion of third-party projects;regulatory environment and inability to obtain required regulatory approvals; tax laws and treatment; fluctuations in operatingresults; the ability of Pembina to raise sufficient capital to complete future projects and satisfy future commitments; constructiondelays; labour and material shortages; risks relating to widespread epidemics or pandemic outbreaks, including the COVID-19 pandemic;and certain other risks detailed from time to time in Pembina's public disclosure documents including, among other things, thosedetailed under the heading "Risk Factors" in Pembina's management's discussion and analysis and annual information form,each for the year ended December 31, 2019, and in Pembina's management's discussion and analysis for the three months ended March31, 2020, all which can be found at www.sedar.com and with the U.S. Securities and Exchange Commission at www.sec.gov and availableon Pembina's website at www.pembina.com. In addition, the closing of the Offering may not be completed, or may be delayed, if theconditions to the closing of the Offering are not satisfied on the anticipated timeline or at all. Accordingly, there is a riskthat the Offering will not be completed within the anticipated time, on the terms currently proposed, or at all. The intended useof the net proceeds of the Offering by Pembina may change if the board of directors of Pembina determines that it would be in thebest interests of Pembina to deploy the proceeds for some other purpose and there can be no guarantee as to how or when such proceedsmay be used.

Accordingly, readers are cautioned thatevents or circumstances could cause results to differ materially from those predicted, forecasted or projected. Such forward-lookingstatements are expressly qualified by the above statements. Pembina does not undertake any obligation to publicly update or reviseany forward-looking statements or information contained herein, except as required by applicable laws.

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SOURCE Pembina Pipeline Corporation

View original content: http://www.newswire.ca/en/releases/archive/May2020/26/c7913.html

%CIK: 0001546066

For further information: Investor Relations: Scott Arnold, (403) 231-3156, 1-855-880-7404, e-mail: investor-relations@pembina.com, www.pembina.com

CO: Pembina Pipeline Corporation

CNW 16:25e 26-MAY-20