Calgary advised the underwriters in TransCanada Trust’s US$3bn hybrid financings
May 2017 and March 2017
Client: TransCanada Trust
Canadian counsel to the underwriters in TransCanada Trust’s public offering in the U.S. of US$1.5 bn Trust Notes — Series 2017-A due March 15, 2077 and in Canada of C$1.5 bn of Trust Notes - Series 2017-B due May 18, 2077, guaranteed on a subordinated basis by TransCanada PipeLines Limited (TCPL). The offerings provide TCPL with a cost-effective means of raising capital which qualifies for equity treatment by certain rating agencies.
The team included Kevin Johnson, JenniferKennedy, Darren Hueppelsheuser, Dion Legge, Kirsty Sklar, Jason Giborski, Kassy Corothers and Brian Milne.