TransCanada C$4.4bn offering of subscription receipts and US$10.3bn debt bridge financing

At the request of TransCanada Corporation, Norton Rose Fulbright was the designated Canadian counsel to the lenders and underwriters of all TransCanada’s, and its affiliates, 2016 debt financings, including advising the syndicate of lenders under TransCanada’s US$10.3bn bridge financing commitments, where the proceeds of the offering and the bridge facilities supported TransCanada’s proposed acquisition of Columbia Pipeline Group for US$13bn. We also advised the underwriters on all of TransCanada and its affiliates debt and equity Capital Markets transactions in the last 12 months, which to date for 2016 are in excess of C$10bn, including its C$4.42bn subscription receipt offering, which was the largest bought deal in Canadian history.