Our Calgary office advised a syndicate of underwriters in connection with an offering by Inter Pipeline Ltd. of C$750m aggregate principal amount of its 6.875% fixed-to-floating rate hybrid notes due March 26, 2079.
The syndicate was co-led by BMO Capital Markets, CIBC Capital Markets, RBC Capital Markets and TD Securities Inc.
Inter Pipeline is a major petroleum transportation, natural gas liquids processing, and bulk liquid storage business based in Calgary, Alberta, Canada. Inter Pipeline owns and operates energy infrastructure assets in Western Canada and Europe. Inter Pipeline is a member of the S&P/TSX 60 Index and its common shares trade on the Toronto Stock Exchange under the symbol IPL.
The team was led by Marcus Archer and included Dion Legge, Christina Winger, Jason Giborski, Caitlin Jenkins, Katherine MacPhail, Eric Malysa, and Elisabeth Trotter.