Thursday, TC PipeLines LP (TCLP) commenced an offering of 5 million common units to a syndicate of underwriters led by Citigroup Global Markets Inc., BofA Merrill Lynch, Morgan Stanley and UBS Investment Bank who will act as joint book-running managers of the offering. The underwriters will have a 30-day option to purchase up to an additional 750 thousand units to cover over-allotments, if any.
The partnership expects to use the net proceeds of the offering to reduce debt outstanding under its revolving credit facility and for general partnership purposes.
TC PipeLines LP, together with its subsidiaries, transports natural gas from the western Canada Sedimentary Basin to various downstream markets in the United States. It owns a 46.45% general partner interest in Great Lakes Gas Transmission Limited Partnership, which owns a 2,115 miles natural gas pipeline system that extends across Minnesota, Northern Wisconsin, and Michigan and redelivers gas at the Canadian border at Sault Ste.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.