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Coastal GasLink's $7.15 billion bond offering sets record as largest of its kind in corporate Canadian history

Calgary-based TC Energy Corp., the company behind the Coastal GasLink pipeline, has completed a $7.15-billion refinancing of its existing construction loan, in a deal that set the record as the largest corporate bond offering in Canadian history.

That $14.4-billion, 670 kilometre project was completed last fall and was one of the largest energy infrastructure projects in recent Canadian history.

Coastal GasLink is also owned by KKR & Co and Alberta Investment Management Corp. The deal is led by banks including Bank of Montreal, CIBC, Royal Bank of Canada and Bank of America Corp.

Company

Coastal GasLink Pipeline

Law Firm / Organization
Blake, Cassels & Graydon LLP

Company

TC Energy Corp.

Law Firm / Organization
Blake, Cassels & Graydon LLP
Other
Energy
$ 7,150,000,000
Closed
13 June 2024