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TC PipeLines selling $350 million offering of 10-year notes Tuesday
By Aleesia Forni
Virginia Beach, March 10 – TC PipeLines LP is set to sell a $350 million offering of senior notes due 2025 on Tuesday, according to an informed source and a 424B5 filed with the Securities and Exchange Commission.
SunTrust Robinson Humphrey Inc. and RBS Securities Inc. are the bookrunners.
The company expects to use proceeds of the offering to pay the cash purchase price of the remaining 30% interest in Gas Transmission Northwest LLC from TransCanada Corp.
TC PipeLines, based in Houston, was created by TransCanada PipeLines Ltd. to acquire, own and participate in the management of United States-based natural gas pipelines and related assets.
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