By Wendy Van Sickle
Columbus, Ohio, May 16 – Inter Pipeline Ltd. priced C$550 million of 5.849% 10-year senior notes on Monday, according to a news release.
RBC Capital Markets, CIBC Capital Markets and National Bank Financial were co-lead agents and were joined as bookrunners by BMO Capital Markets and TD Securities.
Inter Pipeline plans to use the proceeds to repay debt under its credit facilities and for general corporate purposes.
The petroleum transportation, natural gas liquids processor and bulk liquid storage company is based in Calgary, Alta.
| Issuer: | Inter Pipeline Ltd.
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| Amount: | C$550 million
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| Issue: | Senior notes
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| Maturity: | May 18, 2032
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| Bookrunners: | RBC Capital Markets, CIBC Capital Markets, National Bank Financial, BMO Capital Markets and TD Securities
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| Coupon: | 5.849%
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| Pricing date: | May 16
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| Settlement date: | May 18
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| Distribution: | Canada
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