TC Energy Enhances Financial Position with New Offerings

TC Energy Moves Forward with Strategic Financial Decisions
TC Energy, a prominent name in North American energy infrastructure, has recently made significant steps to bolster its financial standing. TransCanada PipeLines Limited, a subsidiary of TC Energy, successfully closed a US$350 million offering of 6.250 percent Fixed-for-Life Junior Subordinated Notes. These notes, maturing on November 1, 2085, were made possible through collaboration with a group of underwriters including top financial institutions.
A Purposeful Use of Proceeds
The funds raised through these notes will be strategically utilized for redeeming outstanding Cumulative Redeemable First Preferred Shares, Series 11. This redemption is planned for November 28, 2025, at a set price of $25.00 per share. By doing so, TC Energy aims to reduce its overall indebtedness and further strengthen its financial foundation for future endeavors.
Anticipating Shareholder Returns
In line with the redemption efforts, TC Energy has indicated that a final quarterly dividend of $0.2094375 per Series 11 Share might be declared. Shareholders can expect this payment to occur on the same date as the redemption, which underscores the company’s commitment to providing value to its investors.
Process for Shareholders
For those holding Series 11 Shares, it is advisable to connect with brokers for detailed instructions on participating in the redemption process. Meanwhile, TC Energy has committed to communicating effectively with all registered shareholders regarding any developments.
A Glimpse at TC Energy
Operating under the symbols TRP on both the Toronto and New York stock exchanges, TC Energy has cultivated a reputation of leadership in energy infrastructure across Canada, the U.S., and Mexico. The company's operations connect communities with essential energy resources, specifically focusing on cleaner-burning natural gas. By leveraging its extensive network, TC Energy is poised to deliver affordable and reliable energy solutions while exploring opportunities within the growing LNG market.
Corporate Mission and Vision
At TC Energy, the core mission revolves around making vital connections. The company emphasizes partnerships with communities and industries to create opportunities today and into the future. This vision not only helps fuel various industries but also promotes environmentally sustainable practices vital for the planet.
Investor Relations and Media Inquiries
For further information, stakeholders are encouraged to reach out to TC Energy's dedicated investor relations team or utilize the media inquiry channels. This ensures that both investors and the media remain informed about the company’s developments and strategic initiatives.
Frequently Asked Questions
What is the purpose of the US$350 million notes offering?
The offering aims to provide funds that will be used primarily for the redemption of preferred shares and to reduce overall indebtedness.
When will the Cumulative Redeemable First Preferred Shares be redeemed?
The redemption is scheduled for November 28, 2025.
What dividend can Series 11 Shareholders expect?
Shareholders may receive a final quarterly dividend of $0.2094375 per share, which is due on the redemption date.
How do non-registered shareholders participate in the redemption?
Non-registered holders are advised to contact their brokers for instructions regarding the redemption process.
What makes TC Energy a leader in energy infrastructure?
TC Energy’s extensive network and commitment to providing cleaner-burning natural gas contribute to its leadership status in the energy market across North America.
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