- TC Energy Corporation (TRP) has closed a public offering of common shares
- The company issued 28,400,000 common shares at $63.50 for gross proceeds of approximately $1.8 billion
- TC Energy Corp operates as an energy infrastructure company, consisting of pipeline and power generation assets in Canada, the United States, and Mexico
- TC Energy Corporation opened trading at C$62.65
TC Energy Corporation (TRP) has completed a public offering of common shares for gross proceeds of approximately $1.8 billion.
The company issued 28,400,000 common shares at $63.50 per share.
TC Energy has also granted the underwriters an over-allotment option to purchase up to an additional 2,840,000 common shares at the offering price, exercisable for a period of 30 days after closing of the offering.
The company plans to use the proceeds of the offering, together with other financing sources and cash on hand, to fund the construction of the Southeast Gateway Pipeline, a 715-kilometre offshore natural gas pipeline in the southeast region of Mexico.
TC Energy Corp. operates as an energy infrastructure company, consisting of pipeline and power generation assets in Canada, the United States, and Mexico.
TC Energy Corporation opened trading at C$62.65.