Trans Mountain Pipeline Weighs Debt Deal Ahead of Potential Sale
- Oil shipper finished its expansion project over budget
- It has government-guaranteed credit lines maturing in 2026
The Westridge Marine Terminal at the end point of the Trans Mountain pipeline in Burnaby, Briti, Canada.
Photographer: James MacDonald/BloombergThis article is for subscribers only.
Trans Mountain Corp. plans to borrow in the bond market to refinance some of its outstanding debt ahead of the Canadian government’s eventual sale of the oil pipeline operator, according to people familiar with the matter.
The debt deal may still be months away from coming to the market, with size and structure yet to be set, said the people, who asked not to be identified discussing a private matter. The company hasn’t issued debt previously and does not currently have a credit rating.