TransCanada PipeLines Completes $370 Million Retail Hybrid Offering

Paul, Weiss advised the underwriters in TransCanada PipeLines Limited’s U.S. public offering to retail and institutional investors of $370 million aggregate principal amount of 6.250% junior subordinated notes due 2085. The underwriters for the transaction were led by Morgan Stanley & Co. LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC. 

The Paul, Weiss team included corporate partner Christopher Cummings and counsel Stephen Centa; tax partner Matthew Jordan and counsel Samir Kurani; and environmental counsel William O’Brien.