TransCanada Pipelines to offer floating- and fixed-rate notes

Chicago, March 7 – TransCanada Pipelines Ltd. is planning to sell floating-rate senior notes and fixed-rate senior notes denominated in U.S. dollars, according to a supplemental filing with the Securities and Exchange Commission.

The floaters will have a par call option. The fixed-rate notes will have a make-whole call option and then a par call option.

BofA Securities, Inc., Deutsche Bank Securities Inc. and SMBC Nikko Securities America, Inc. are joint bookrunners.

Bank of New York Mellon will be the trustee.

TransCanada is using Blake, Cassels & Graydon LLP and Mayer Brown LLP as counsel for the notes. Paul, Weiss, Rifkind, Wharton & Garrison LLP is advising the underwriters.

Proceeds will be used to reduce or repay debt and/or finance the company’s long-term investment program.

TransCanada is a Calgary, Alta.-based natural gas and oil pipeline and storage company and subsidiary of TransCanada Corp.

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