Company: TCPA
Filing Date: 2025-02-20
Form Type: SUPPL
Source: 0001193125-25-030844
Chunk: 20

Company: TRANSCANADA PIPELINES LTD
Filing Date: 2025-02-20
Form: SUPPL
Chunk 20
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 debt indenture, dated as of November 30, 2000, between the Corporation and Computershare Trust Company, N.A. (as successor to The Bank of Nova Scotia Trust Company of New York), as Trustee, as supplemented by a second supplemental indenture to be dated as of the date of issuance of the notes, between us, TCE and the Trustee. We refer to the subordinated debt indenture and the second supplemental indenture collectively as the “Indenture”. The Trustee will initially serve as paying agent for the Notes. The following summary of certain provisions of the Indenture and the Notes does not purport to be complete and is qualified in its entirety by reference to the actual provisions of the Indenture. A copy of the subordinated debt indenture is available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov.

The Notes will not be entitled to the benefit of any sinking fund and will not be listed on any automated quotation system. We do not intend to apply for listing of the Notes on any securities exchange.

The Trustee under the Indenture is referred to in this section as the “Trustee”, which term shall include, unless the context otherwise requires, its successors and assigns. Capitalized terms used but not defined in this section shall have the meanings given to them in the Indenture.

Interest and Maturity

The Notes will mature on June 1, 2065 (the “Maturity Date”).

The Notes will bear interest (i) from, and including, February 24, 2025 to, but not including, June 1, 2030 at the rate of 7.000% per
annum and (ii) from, and including, June 1, 2030, during each Subsequent Fixed Rate Period, at a rate per annum equal to the Five-Year Treasury Rate as of the most recent Interest Reset Determination Date plus 2.614%, to be reset on each
Interest Reset Date.

Interest on the Notes will be payable semi-annually in arrears on June 1 and December 1 of each year (each such
date, an “Interest Payment Date”), commencing on June 1, 2025, subject to deferral as described under “—Deferral Right”. Interest payments will be made to the persons or entities in whose names the Notes
are registered at the close of business on May 18 and November 17 (in