TransCanada PipeLines Limited issued senior notes, comprising fixed-rate and floating-rate instruments, to support general corporate purposes, including reducing short-term debt. The offering was announced on March 7, 2023, and closed on March 9, 2023.

The syndicate of underwriters included BofA Securities, Deutsche Bank Securities, and SMBC Nikko Securities America, Inc. Legal counsel for the transaction included Blake, Cassels & Graydon LLP (Canadian law), Mayer Brown LLP (U.S. law), and Paul, Weiss, Rifkind, Wharton & Garrison LLP (representing the underwriters).

This transaction aligns with the company's strategy for effective debt management and operational sustainability.