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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.
Parties
Company
Coastal GasLink Pipeline
Company
TC Energy Corp.
Deal Type
OtherIndustry
EnergyTransaction
$ 7,150,000,000Deal Status
ClosedClosing Date
13 June 2024