TC Energy - President and CEO François Poirier
President and CEO François Poirier
Source: TC Energy
  • TC Energy Corporation (TRP) has closed a public offering of common shares
  • The company issued 28,400,000 common shares at $63.50 for gross proceeds of approximately $1.8 billion
  • TC Energy Corp operates as an energy infrastructure company, consisting of pipeline and power generation assets in Canada, the United States, and Mexico
  • TC Energy Corporation opened trading at C$62.65

TC Energy Corporation (TRP) has completed a public offering of common shares for gross proceeds of approximately $1.8 billion.

The company issued 28,400,000 common shares at $63.50 per share.

TC Energy has also granted the underwriters an over-allotment option to purchase up to an additional 2,840,000 common shares at the offering price, exercisable for a period of 30 days after closing of the offering.

The company plans to use the proceeds of the offering, together with other financing sources and cash on hand, to fund the construction of the Southeast Gateway Pipeline, a 715-kilometre offshore natural gas pipeline in the southeast region of Mexico.

TC Energy Corp. operates as an energy infrastructure company, consisting of pipeline and power generation assets in Canada, the United States, and Mexico.

TC Energy Corporation opened trading at C$62.65.


More From The Market Online
The Market Online Video

Prospera Energy plots success with proven reserves, M&A plans

Prospera Energy (TSXV:PEI) CEO Samuel David discusses the company's latest news and the forecast for 2024 in an exclusive interview.

Parkland pays City of Burnaby $31K for emergency response

Parkland Corp. (TSX:PKI) cut a cheque to the City of Burnaby, B.C., to cover costs after an incident at its plant earlier this year.

Buzz on the Bullboards: Bombardier, Baytex and Tilray turn heads

Stockhouse Bullboards users have been tracking a trajectory among Bombardier, Baytex and Tilray that they hope will share comparable results.