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CALGARY, Alberta, Oct. 09, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation ((TSX, NYSE:TRP) ("TC Energy") today announced that TransCanada PipeLines Limited (the "Company"), a wholly-owned subsidiary of TC Energy, has released the pricing terms of its previously announced separate offers (the "Offers") to purchase for cash up to C$575,000,000 in aggregate principal amount of its 4.180% Senior Notes due 2048 (the "2048 Notes") and its 3.390% Senior Notes due 2028 (the "2028 Notes", and together with the 2048 Notes, the "Notes").
The Offers
The Offers were made upon the terms and subject to the conditions set forth in the Offer to Purchase dated Oct. 1, 2024 relating to the Notes (the "Offer to Purchase"). Capitalized terms used but not defined in this news release have the meanings given to them in the Offer to Purchase.
The table below sets out the aggregate principal amount of 2048 Notes accepted for purchase, the Offer Yield and the Total Consideration in respect of the 2048 Notes validly tendered and accepted for purchase pursuant to the Offer for such Notes. The Company has not accepted for purchase any of the 2028 Notes tendered into the Offer for such Notes.
Title of Notes(1)
Principal Amount Outstanding
CUSIP / ISIN Nos. (1)
Reference Security
Bloomberg Reference Page
Offer Yield
Fixed Spread (Basis Points)
Total Consideration(2)
Principal Amount Accepted(3)
4.180% Senior Notes due 2048
C$1,100,000,000
89353ZCC0 / CA89353ZCC01
