An anonymous director reports

GIBSON ENERGY ANNOUNCES $375 MILLION SENIOR UNSECURED NOTE OFFERING DUE 2032

Gibson Energy Inc. has agreed to issue $375-million of 4.45 per cent senior unsecured notes due Aug. 20, 2032.

The offering is expected to close on Aug. 20, 2025, subject to customary closing conditions. Gibson intends to apply the net proceeds from the offering toward the repayment of outstanding debt under its revolving credit facility and for general corporate purposes. This debt includes amounts borrowed to repay the company's $325-million principal amount 2.45 per cent senior unsecured notes, which matured on July 14, 2025.

The notes are being offered in Canada on a private placement and agency basis through a syndicate of agents led by RBC Capital Markets and BMO Capital Markets in reliance upon exemptions from the prospectus requirements under applicable securities laws.

About Gibson Energy Inc.

Gibson is a leading liquids infrastructure company with its principal businesses consisting of the storage, optimization, processing and gathering of liquids and refined products, as well as waterborne vessel loading. Headquartered in Calgary, Alta., the company's operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alta., Ingleside and Wink, Tex., and a facility in Moose Jaw, Sask.

Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange.

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