TransCanada Closes $500 Million Preferred Share Issuance
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 04/20/16 -- News Release - TransCanada Corporation (TSX: TRP) (NYSE: TRP) (TransCanada) today announced that it has completed its public offering of cumulative redeemable minimum rate reset first preferred shares, series 13 (the "Series 13 Preferred Shares"). TransCanada issued 20 million Series 13 Preferred Shares for aggregate gross proceeds of $500 million through a syndicate of underwriters co-led by TD Securities Inc., BMO Capital Markets and Scotiabank.
The net proceeds of the offering will be used for general corporate purposes and to reduce short-term indebtedness of TransCanada and its affiliates, which short-term indebtedness was used to fund TransCanada's capital program and for general corporate purposes.
The Series 13 Preferred Shares will begin trading today on the TSX under the symbol TRP.PR.J.
This news release does not constitute an offer to sell or a solicitation of any offer to buy the preferred shares in any jurisdiction. The preferred shares offered have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
With more than 65 years' experience, TransCanada is a in the and reliable operation of North American energy infrastructure including natural gas and liquids pipelines, power generation and gas storage facilities. TransCanada operates a network of natural gas pipelines that extends more than 67,000 kilometres (42,000 miles), tapping into virtually all major gas supply basins in North America. TransCanada is one of the continent's largest providers of gas storage and related services with 368 billion cubic feet of storage capacity. A growing independent power producer, TransCanada owns or has interests in over 11,400 megawatts of power generation in Canada and the United States. TransCanada is developing one of North America's largest liquids delivery systems. TransCanada's common shares trade on the Toronto and New York stock exchanges under the symbol TRP.
FORWARD LOOKING INFORMATION
This release contains certain information that is forward-looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as "anticipate", "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). Forward-looking statements in this document are intended to provide TransCanada security holders and potential investors with information regarding TransCanada and its subsidiaries, including management's assessment of TransCanada's and its subsidiaries' future plans and financial outlook. All forward-looking statements reflect TransCanada's beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release, and not to use future-oriented information or financial outlooks for anything other than their intended purpose. TransCanada undertakes no obligation to update or revise any forward-looking information except as required by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to TransCanada's 2015 Annual Report on our website at or filed under TransCanada's profile on SEDAR at and with the U.S. Securities and Exchange Commission at and available on TransCanada's website at .
Contacts:
TransCanada Media Enquiries:
Mark Cooper / Terry Cunha
403.920.7859 or 800.608.7859
TransCanada Investor & Analyst Enquiries:
David Moneta / Stuart Kampel
403.920.7911 or 800.361.6522
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Unternehmensinformation / Kurzprofil:
Datum: 20.04.2016 - 12:03 Uhr
Sprache: Deutsch
News-ID 465216
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contact information:
Town:
CALGARY, ALBERTA
Kategorie:
Oil & Gas
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