TransCanada PipeLines Completes $750 Million Public Offering

TransCanada PipeLines Limited completed a public offering in the United States for gross proceeds of approximately $750 million, including $500 million aggregate principal amount of its 1.875% senior notes due 2018 and $250 million of its floating rate senior notes due 2018. TransCanada PipeLines is a Canadian company that operates primarily in three business segments: natural gas pipelines, oil pipelines and energy. Paul, Weiss represented the underwriters, led by Deutsche Bank Securities and J.P. Morgan, in connection with the offering.

The Paul, Weiss team included corporate partner Christopher Cummings and counsel Stephen Centa; environmental counsel William O’Brien; and tax partner David Mayo.

Source:  www.paulweiss.com