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TC Energy Unit Closes US$350 Million Debt Offering

BY MT Newswires | CORPORATE | 10/09/25 05:18 PM EDT

05:18 PM EDT, 10/09/2025 (MT Newswires) -- TC Energy (TRP) after trade Thursday said its TransCanada PipeLines unit completed a US$350 million debt offering.

The offering consists of junior subordinated notes with a fixed interest rate of 6.25%, due Nov. 1, 2085.

The company said it plans to use the proceeds to redeem all outstanding Series 11 preferred shares on Nov. 28, at a redemption price of $25 per share. Some of the funds may also go toward reducing debt and for general corporate purposes.

If approved by the board, a final quarterly dividend of $0.2094375 per share will be paid on Nov. 28 to shareholders of record as of Nov. 17, the company added.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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