TC Energy (TSE:TRP) has released an update.
TC Energy’s subsidiary South Bow Corporation has successfully closed a significant $7.9 billion notes offering, marking an important step towards the spinoff of TC Energy’s Liquids Pipelines business. The offering attracted strong market interest and sets the stage for the transaction’s expected closure in the fourth quarter of 2024. The proceeds are earmarked to repay South Bow’s debt to TC Energy post-spinoff.
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