TransCanada Closes $1.6 Billion Common Share Offering

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    • Jan 2009
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    TransCanada Closes $1.6 Billion Common Share Offering

    CALGARY, ALBERTA -- (Marketwire) -- 06/24/09 -- TransCanada Corporation (TSX: TRP) (NYSE: TRP) (TransCanada) today announced that it has completed its public offering of common shares. The offering was announced on June 16, 2009 when TransCanada entered into an agreement with a syndicate of underwriters, led by RBC Capital Markets, BMO Capital Markets and TD Securities Inc. under which they agreed to purchase from TransCanada and sell to the public 50,800,000 common shares.The purchase price of $31.50 per common share resulted in gross proceeds of approximately $1.6 billion. The net proceeds of the offering will be used by TransCanada

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