Company: TCPA
Filing Date: 2025-10-08
Form Type: SUPPL
Source: 0001193125-25-233745
Chunk: 55

Company: TRANSCANADA PIPELINES LTD
Filing Date: 2025-10-08
Form: SUPPL
Chunk 55
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 | U.S.$           |   7,000,000 |
| Mizuho Securities USA LLC           |     | U.S.$           |   7,000,000 |
| MUFG Securities Americas Inc.       |     | U.S.$           |   7,000,000 |
| PNC Capital Markets LLC             |     | U.S.$           |   7,000,000 |
| SMBC Nikko Securities America, Inc. |     | U.S.$           |   7,000,000 |
| Truist Securities, Inc.             |     | U.S.$           |   7,000,000 |
| Total                               |     | U.S.$           | 350,000,000 |

The Underwriting Agreement provides that, in consideration of the services of the Underwriters in connection with the offering of Notes, we will pay to the Underwriters a commission equal to: (a) for Notes sold to certain institutions, 1.000% of the principal amount of such Notes; and (b) for all other Notes purchased by the Underwriters, 3.150% of the principal amount of such Notes. Assuming that no Notes are sold to institutions and that the overallotment option is not exercised by the Underwriters, the aggregate commission payable by us to the Underwriters will be U.S.$11,025,000. The Underwriters’ commission is payable on the closing of the offering. The offering expenses payable by us, other than the underwriting commission, are estimated to be U.S.$1,000,000 and will be paid by us from the general funds of the Corporation. The terms of the offering were established through negotiations between us and the Underwriters. The obligations of the Underwriters under the Underwriting Agreement are several (and not joint or joint and several) and may be terminated at their discretion, subject to certain conditions, following a suspension of trading on certain stock exchanges, a banking moratorium, an outbreak or escalation of hostilities or a declaration by the U.S. or Canada of a national emergency or war, or other calamity or crisis affecting financial markets such as to make it, in the sole judgment of the representatives of the Underwriters, impractical or inadvisable to proceed with the offering, sale or delivery of the Notes as contemplated by this prospectus supplement, and upon the occurrence of certain stated events. If an Underwriter fails to purchase the Notes which it has agreed to purchase, the other Underwriters may