Trans-Canada Pipe Lines Limited
| Company Deal | U.S. $92,990,000 first mortgage pipe line bonds, 4 3/4% series; Can. $44,774,000 first mortgage pipe line bonds, 6 1/4% series |
|---|---|
| Transaction Type | First Mortgage Pipe Line Bonds |
| Deal Description | Trans-Canada Pipe Lines Limited used the net proceeds from this transaction to pay to the Crown Corporation the purchase price of the Northern Ontario Section and/or to repay temporary borrowings, which may have been applied to the payment of such purchase price. The proceeds may also have been used for the repayment or reduction of the company's bank loans. Any balance was used to finance expansion of the Company's Pipe Line System and for general corporate purposes. |