TransCanada PipeLines Completes $750 Million Hybrid Offering

Paul, Weiss advised the underwriters in TransCanada PipeLines Limited’s U.S. public offering of $750 million aggregate principal amount of 7.000% fixed-to-fixed rate junior subordinated notes due 2065. The underwriters were led by Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and SMBC Nikko Securities America, Inc. The offering for TransCanada PipeLines, a Canadian energy infrastructure company.

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.