DBRS gives Inter Pipeline notes BBB

DBRS said it gave BBB (low) ratings to Inter Pipeline Ltd.’s C$750 million of senior unsecured notes, series 12 and C$250 million senior unsecured notes, series 13.

The rating is based on an already-outstanding series of the above-mentioned debt instruments, DBRS said.

The company plans to use the proceeds to repay indebtedness under its $1.5 billion revolving credit facility, its series 3 medium term notes due May 2022, and for general corporate purposes.

The trend is stable.

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