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BRIEF-TC Energy Announces The Partial Monetization Of The Coastal Gaslink Pipeline Project

Published 2019-12-26, 07:12 a/m
© Reuters.  BRIEF-TC Energy Announces The Partial Monetization Of The Coastal Gaslink Pipeline Project
TRP
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Dec 26 (Reuters) - TC Energy Corp TRP.TO :

* TC ENERGY ANNOUNCES THE PARTIAL MONETIZATION OF THE COASTAL GASLINK PIPELINE PROJECT

* TC ENERGY CORP - EXPECTS TO RECORD AFTER-TAX GAIN OF ABOUT $600 MILLION UPON CLOSING OF TRANSACTION WITH KKR

* TC ENERGY CORP - WILL PROVIDE FIRST NATIONS WITH AN OPTION TO ACQUIRE A 10% EQUITY INTEREST IN COASTAL GASLINK

* TC ENERGY CORP - WILL RECEIVE UPFRONT PROCEEDS THAT INCLUDE REIMBURSEMENT OF KKR AND AIMCO'S PROPORTIONATE SHARE OF PROJECT COSTS

* TC ENERGY - TO RECEIVE UPFRONT PROCEEDS THAT INCLUDE REIMBURSEMENT OF KKR & AIMCO'S PROPORTIONATE SHARE OF PROJECT COSTS INCURRED AS OF DATE OF CLOSE

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