TC Energy Explores New U.S. Junior Subordinated Notes Offering

Author: Evelyn Baker Updated: 10-06-2025 09:00 AM

TC Energy Researches Offering of U.S. Junior Subordinated Notes

CALGARY, Alberta – TC Energy Corporation (TSX, NYSE: TRP) has revealed intentions for TransCanada PipeLines Limited (TCPL) to potentially offer U.S. Junior Subordinated Notes. This strategic move is designed to enhance liquidity and support overall corporate objectives.

Planned Use of Proceeds

If the offering successfully comes to fruition, TC Energy plans to use the net proceeds to redeem Cumulative Redeemable First Preferred Shares, Series 11, reduce existing debt, and fulfill general corporate needs. There exists no guarantee on whether this offering will proceed, making investor discretion crucial.

Potential Issuance Details

Assuming this offering starts, the Notes may be issued under a supplemental prospectus to TCPL’s short form base shelf prospectus. This prospectus is already included in TCPL’s registration with the U.S. Securities and Exchange Commission (SEC). Those interested can access this document for free via the SEC website or request directly from authorized financial institutions.

Understanding the Offering's Scope

It's essential to acknowledge that this news does not serve as an offer to sell or solicit purchases of the Notes. It's vital for investors to note that the Notes have not been sanctioned by any regulatory authority in Canada or the United States, and they are not intended for sale in Canada.

About TC Energy

TC Energy stands as a prominent player in North American energy infrastructure, linking markets across Canada, the U.S., and Mexico. The company plays a crucial role in the energy sector, efficiently transporting over 30 percent of the continent's cleaner-burning natural gas. This operational foundation is supplemented by key investments in low-risk power generation projects, ensuring reliable and sustainable energy delivery.

Corporate Responsibilities

At the heart of TC Energy’s mission is the commitment to fostering partnerships with communities and stakeholders. This collaborative approach does not only facilitate current operations but also fosters growth opportunities for future generations. As a result, TC Energy continuously seeks to create value through sustainable energy solutions.

Engagement with the Market

TC Energy's common shares are traded vigorously on major exchanges, including the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE) under the symbol TRP. This engagement with the financial market underpins the company's capacity for growth and development within the sector.

Frequently Asked Questions

What is the purpose of the U.S. Junior Subordinated Notes offering?

The offering aims to redeem certain preferred shares and reduce overall debt while supporting corporate needs.

Who is involved in the potential offering?

The offering is being considered by TransCanada PipeLines Limited, a subsidiary of TC Energy Corporation.

How will the offering benefit TC Energy?

Proceeds from the offering will help the company strengthen its balance sheet and improve liquidity.

Are the Notes approved by regulatory authorities?

No, the Notes have not received approval from any regulatory authority in Canada or the United States.

Where can potential investors find more information?

Additional information can be sought from the SEC website or requested from authorized financial institutions conducting the offering.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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