Post Tagged with: "Alberta Investment Management Corporation"

Source: TC Energy

TC Energy Secures $1.15 Billion from Sale of 56 Mile Pipeline

By Tyler Losier, Energy Reporter, Oil & Gas 360   85% interest expected to gross $1.15 billion TC Energy Corporation (stock ticker: TRP) has entered into an agreement to sell an 85% equity interest in the Northern Courier Pipeline to Edmonton-based Alberta Investment Management Corporation (AIMCo), an investment manager responsible for the investments of 31 pension, endowment and government funds in Alberta. AIMCo has $103 billion in assets under management. Additionally, it is expected that the Northern Courier Pipeline will undertake a financing of long-term, non-recourse debt, of which the proceeds will be distributed entirely to TC Energy. All said and done, TC Energy is expected to walk away from the deal with gross pr… Login or click here to subscribe Username or E-mail Password Remember Me     Forgot Password