TC Energy (TRP) Concludes Sale of Natural Gas Assets Worth $1B
TRPTC Energy(TRP) ZACKS·2024-08-17 02:30

TC Energy Corporation (TRP) announced that it has concluded the sale of the Portland Natural Gas Transmission System (“PNGTS”) along with its partner Northern New England Investment Company, which is a subsidiary of Énergir LP. The gross purchase price for the deal was 1.14billion,includingoutstandingSeniorNotesworth1.14 billion, including outstanding Senior Notes worth 250 million (held by PNGTS), which will be assumed by the buyers as part of the sale. These Senior Notes were previously consolidated on TC Energy’s balance sheet.The cash proceeds from ...