Inter Pipeline Announces Closing of $345 million Offering of Common Shares

Inter Pipeline Announces Closing of $345 million Offering of Common Shares 
CALGARY, Oct. 3, 2013 /CNW/ - Inter Pipeline Ltd. (Inter Pipeline) (TSX: IPL) 
announced today that it has closed its previously announced equity offering of 
13,719,500 common shares (Shares) at $25.15 per Share for gross proceeds of 
$345,045,425. The offering includes 1,789,500 Shares issued pursuant to the 
full exercise of an over-allotment option granted to the underwriters. The 
offering was made on a bought deal basis through a syndicate of underwriters 
led by TD Securities Inc., as sole bookrunner, and CIBC World Markets Inc., as 
co-lead underwriter, and including BMO Nesbitt Burns Inc., National Bank 
Financial Inc., RBC Dominion Securities Inc., Scotia Capital Inc., FirstEnergy 
Capital Corp., Canaccord Genuity Corp., Macquarie Capital Markets Canada Ltd. 
and Peters & Co. Limited. 
The net proceeds of the offering will be used by Inter Pipeline to reduce 
indebtedness under its revolving credit facility. Inter Pipeline is 
currently advancing a multi-year $2.6 billion expansion program on its Cold 
Lake and Polaris pipeline systems under commercially secured contracts with 
major oil sands producers. 
This news release is not an offer of securities for sale in the United States. 
The Shares offered have not been and will not be registered under the United 
States Securities Act of 1933 and accordingly are not being offered for sale 
and may not be offered, sold or delivered, directly or indirectly within the 
United States, its possessions and other areas subject to its jurisdiction or 
to, or for the account or for the benefit of a U.S. person, except pursuant to 
an exemption from the registration requirements of that Act. 
Inter      Inter Pipeline is a major petroleum transportation, natural gas liquids
Pipeline   extraction, and bulk liquid storage business based in Calgary, Alberta, Canada. 
       Inter Pipeline owns and operates energy infrastructure assets in western Canada,
Ltd.       the United Kingdom, Denmark, Germany and Ireland. Additional information about 

           Inter Pipeline can be found at
    Disclaimer Certain information contained herein may constitute forward-looking statements
           that involve risks and uncertainties. Readers are cautioned not to place undue
           reliance on forward-looking statements. Such information, although considered
           reasonable by Inter Pipeline at the time of preparation, may later prove to be
           incorrect and actual results may differ materially from those anticipated in the
           statements made. For this purpose, any statements that are not statements of
           historical fact may be deemed to be forward-looking statements. Forward-looking
           statements often contain terms such as "may", "will", "should", "anticipate",
           "expects" and similar expressions. Such risks and uncertainties include, but are
           not limited to, risks associated with operations, such as loss of markets,
           regulatory matters, environmental risks, industry competition, potential delays
           and cost overruns of construction projects, and the ability to access sufficient
           capital from internal and external sources. You can find a discussion of those
           risks and uncertainties in Inter Pipeline's securities filings at
           The forward-looking statements contained in this news release are made as of the
           date of this document, and, except to the extent required by applicable
           securities laws and regulations, Inter Pipeline assumes no obligation to update
           or revise forward-looking statements made herein or otherwise, whether as a
           result of new information, future events, or otherwise. The forward-looking
           statements contained in this document are expressly qualified by this cautionary

SOURCE  Inter Pipeline Ltd. 
Investor Relations: Jeremy Roberge Vice President, Capital Markets Tel: 403-290-6015 or 1-866-716-7473  
Media Relations: Tony Mate Director, Corporate and Investor Communications Tel: 403-290-6166   
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CO: Inter Pipeline Ltd.
ST: Alberta
-0- Oct/03/2013 13:23 GMT
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