Current TRP Stock Info

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...


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