On Nov. 16, TransCanada Corp. said it completed its public offering of about 60.22 million common shares priced at CA$58.50 each for gross proceeds of about CA$3.5 billion.
Proceeds will repay part of the US$6.9 billion senior unsecured asset sale bridge term loan credit facilities that partly financed the acquisition of Columbia Pipeline Group Inc.
TransCanada had entered an agreement with a syndicate of underwriters led by TD Securities, BMO Capital Markets and RBC Capital Markets, which exercised the overallotment option.
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