Gibson Energy Announces Closing of $215 Million Bought Deal Offering of Common Shares and Exercise in Full of Over-Allotment Option

Core Viewpoint - Gibson Energy Inc. has successfully closed a bought deal offering of common shares, raising approximately $215 million to fund the acquisition of Teine Energy Ltd.'s Chauvin Infrastructure Assets, with the transaction expected to close in Q2 2026, pending regulatory approvals [2][3]. Group 1: Equity Offering Details - Gibson issued a total of 8,160,325 common shares at an offering price of $26.35 per share, resulting in total gross proceeds of approximately $215 million [2]. - The offering included shares issued from the full exercise of the over-allotment option granted to underwriters [2]. - The equity offering was conducted through a syndicate of underwriters co-led by CIBC Capital Markets and Scotiabank [4]. Group 2: Use of Proceeds - The net proceeds from the equity offering are intended to partially fund the purchase price for the acquisition of Teine Energy Ltd.'s Chauvin Infrastructure Assets [3]. Group 3: Company Overview - Gibson Energy is a leading liquids infrastructure company, focusing on the storage, optimization, processing, and gathering of liquids and refined products, as well as waterborne vessel loading [5]. - The company is headquartered in Calgary, Alberta, with operations across North America, including core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan [5]. - Gibson shares are traded under the symbol GEI on the Toronto Stock Exchange [6].