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TC Energy Edges Up After Hours as it Prices US$1.75 Billion Cash Tender Offers
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TC Energy Edges Up After Hours as it Prices US$1.75 Billion Cash Tender Offers
Oct 10, 2024 9:37 PM

04:29 PM EDT, 10/08/2024 (MT Newswires) -- TC Energy ( TRP ) edged up in after-hours New York trading after the company on Tuesday said its TransCanada PipeLines unit priced its separate offers to buy up to US$1.75 billion in outstanding notes.

These include 2.500% senior notes due 2031, 5.000% senior notes due 2043, 4.875% senior notes due 2048, 5.100% senior notes due 2049, 4.750% senior notes due 2038, 4.250% senior notes due 2028, and 4.875% senior notes due 2026, the company said.

The applicable terms and conditions were detailed in the Offer to Purchase dated Oct. 1, along with the notice of guaranteed delivery. The offers will expire at 5 p.m. Eastern time on Tuesday, unless extended or terminated earlier. Notes can be withdrawn anytime before this deadline, the company said.

TC shares were last seen up US$0.25 to US$44.94 after hours. They closed down $0.18 to $0.95 on the Toronto Stock Exchange.

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