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TransCanada completes common share offering

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World Pipelines,

TransCanada Corporation (TransCanada) has announced that it has completed its public offering of Common Shares.

The offering was announced on 1 November 2016 when TransCanada entered into an agreement with a syndicate of underwriters led by TD Securities, BMO Capital Markets and RBC Capital Markets under which they agreed to purchase from TransCanada and sell to the public 60 225 000 Common Shares, which includes the full exercise by the underwriters of an over-allotment option granted to them.

The purchase price of CAN$58.50 per Common Share resulted in total gross proceeds of approximately CAN$3.5 billion. Proceeds from the offering will be used to repay a portion of the US$6.9 billion senior unsecured asset sale bridge term loan credit facilities, which were used to partially finance the Columbia Pipeline Group, Inc. acquisition.

The Common Shares were issued by way of a short form prospectus that was filed with securities regulatory authorities in Canada and with the Securities and Exchange Commission (SEC) in the United States under the multi-jurisdictional disclosure system.

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