TC Energy announces expiration and upsizing of cash tender offers for certain Canadian-dollar denominated debt securities

Core Points - TC Energy Corporation announced the expiration of its separate offers to purchase up to C$350,000,000 of its outstanding notes, which has now been increased to C$575,000,000 [1][2][3] Offer Details - The Offers were made under the terms set forth in the Offer to Purchase dated October 1, 2024 [2] - A total of C$1,199,486,000 in aggregate principal amount of the Notes were validly tendered prior to the expiration date [3] - The Company expects to accept C$575,000,000 of the 4.180% Senior Notes due 2048 on a pro rata basis, while not expecting to accept any of the 3.390% Senior Notes due 2028 [6] Pricing and Settlement - Pricing for the 2048 Notes is expected to occur at 10 a.m. on October 9, 2024, with the final acceptance amount and total consideration to be announced thereafter [7] - The settlement date for the 2048 Notes is expected to be October 15, 2024, with an accrued coupon payment to be made [9] Additional Information - The Offers are subject to certain conditions, and the Company reserves the right to waive any conditions [10] - Deutsche Bank, J.P. Morgan, Morgan Stanley, and RBC are acting as dealer managers for the Offers [11]