TransCanada Completes $800 Million Public Offering of Hybrid Securities

Paul, Weiss advised the underwriters in a U.S. public offering by TransCanada Trust of $800 million aggregate principal amount of 5.600% subordinated trust notes due 2082. TransCanada Trust is a wholly-owned financing trust subsidiary of Canadian energy infrastructure company, TransCanada PipeLines Limited. The underwriters were led by Deutsche Bank Securities Inc. and MUFG Securities Americas Inc.

The Paul, Weiss team included corporate partner Christopher Cummings and counsel Stephen Centa, tax partner David Mayo, and environmental counsel William O’Brien.