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Trans Mountain pipeline weighs debt Deal ahead of potential sale

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Trans Mountain Corp. plans to borrow in the bond market to refinance some of its outstanding debt ahead of the Canadian government’s eventual sale of the oil pipeline operator, according to people familiar with the matter.

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The debt deal may still be months away from coming to the market, with size and structure yet to be set, said the people, who asked not to be identified discussing a private matter. The company hasn’t issued debt previously and does not currently have a credit rating. A spokesperson for Trans Mountain’s parent, Canada Development Investment Corp., declined to comment.

 

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Canada's Trans Mountain Pipeline weighs debt deal ahead of potential sale, Bloomberg News reportsThe pipeline's expansion project, which has so far cost C$34 billion ($24.72 billion), nearly triples its capacity to ship oil from Alberta to Canada's...
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