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TC Energy ( (TSE:TRP) ) has issued an update.
On February 19, 2025, TransCanada PipeLines Limited entered into an underwriting agreement with Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, and SMBC Nikko Securities America, Inc., among others. The agreement pertains to the sale of 7.000% Fixed-to-Fixed Rate Junior Subordinated Notes due 2065, which are to be issued under a subordinated debt indenture. This move is part of the company’s strategic efforts to tap into capital markets, potentially impacting its financial stability and positioning within the energy industry.
More about TC Energy
TC Energy, operating under the subsidiary TransCanada PipeLines Limited, is a major player in the energy sector, primarily focusing on natural gas and oil pipelines, as well as energy storage and power generation. The company is headquartered in Calgary, Alberta, and serves key markets in North America.
YTD Price Performance: -3.86%
Average Trading Volume: 2,173,644
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $47.23B
For a thorough assessment of TRP stock, go to TipRanks’ Stock Analysis page.
