0001104659-13-042018.txt : 20130515 0001104659-13-042018.hdr.sgml : 20130515 20130515171111 ACCESSION NUMBER: 0001104659-13-042018 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20130515 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130515 DATE AS OF CHANGE: 20130515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TC PIPELINES LP CENTRAL INDEX KEY: 0001075607 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] IRS NUMBER: 522135448 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35358 FILM NUMBER: 13848409 BUSINESS ADDRESS: STREET 1: 717 TEXAS STREET, SUITE #2400 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: (877) 290-2772 MAIL ADDRESS: STREET 1: 717 TEXAS STREET, SUITE #2400 CITY: HOUSTON STATE: TX ZIP: 77002 8-K 1 a13-9621_68k.htm 8-K

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C.  20549

 


 

FORM 8-K

 

CURRENT REPORT

 

Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported)   May 15, 2013

 

TC PipeLines, LP

(Exact name of registrant as specified in its charter)

 

Delaware

 

001-35358

 

52-2135448

(State or other jurisdiction
of incorporation)

 

(Commission File
Number)

 

(IRS Employer
 Identification No.)

 

717 Texas Street, Suite 2400

Houston, TX

 

77002-2761

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code   (877) 290-2772

 

 

(Former name or former address if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 7.01  Regulation FD Disclosure.

 

On May 15, 2013, TC PipeLines, LP (the “Partnership”) issued a press release announcing an offering of  7,700,000 common units to a syndicate of underwriters led by Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, UBS Securities LLC, Deutsche Bank Securities Inc. and RBC Capital Markets, LLC who will act as joint book-running managers of the offering.  The underwriters will have a 30-day option to purchase up to an additional 1,155,000 units.  A copy of the press release is furnished as Exhibit 99.1 hereto.

 

The information in this Item 7.01 is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.

 

Item 9.01  Financial Statements and Exhibits.

 

(d)           Exhibits.

 

Exhibit No.

 

Description

 

 

 

99.1

 

Press Release of TC PipeLines, LP, dated May 15, 2013.

 

2



 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

TC PipeLines, LP

by:  TC PipeLines GP, Inc.,

its general partner

 

 

 

 

 

 

By:

/s/ Annie C. Belecki

 

 

Annie C. Belecki

 

 

Secretary

 

 

Dated:  May 15, 2013

 

3



 

EXHIBIT INDEX

 

Exhibit No.

 

Description

 

 

 

99.1

 

Press Release of TC PipeLines, LP, dated May 15, 2013.

 

4


EX-99.1 2 a13-9621_6ex99d1.htm EX-99.1 PRESS RELEASE OF TC PIPELINES, LP, DATED MAY 15, 2013.

Exhibit 99.1

 

NewsRelease

 

TC PipeLines, LP Announces Public Offering of Common Units

 

HOUSTON, Texas — May 15, 2013 — TC PipeLines, LP (NYSE: TCP) (the Partnership) today announced the commencement of an offering of 7,700,000 common units in an underwritten public offering.  The Partnership plans to grant the underwriters a 30-day option to purchase up to 1,155,000 additional common units.

 

The Partnership intends to use the net proceeds of the offering to partially fund the previously announced acquisition of an additional 45 percent interest in each of Gas Transmission Northwest LLC and Bison Pipeline LLC from TransCanada Corporation (TSX, NYSE: TRP) (TransCanada).  The offering is being made under the Partnership’s shelf registration statement dated May 15, 2013.  Upon closing of the offering and assuming the underwriters do not exercise their option to purchase additional units, TransCanada’s ownership in the Partnership will be approximately 30 percent.

 

Wells Fargo Securities, BofA Merrill Lynch, J.P. Morgan, Morgan Stanley, UBS Investment Bank, Deutsche Bank Securities and RBC Capital Markets will act as book-running managers of the offering.

 

A copy of the preliminary prospectus supplement and prospectus relating to the offering may be obtained from any of the following addresses:

 

Wells Fargo Securities

 

BofA Merrill Lynch

Attn: Equity Syndicate Dept.

 

222 Broadway

375 Park Avenue

 

New York, NY 10038

New York, NY 10152

 

Attn: Prospectus Department

Email: cmclientsupport@wellsfargo.com

 

Email: dg.prospectus_requests@baml.com

Telephone : 800-326-5897

 

 

 

 

 

J.P. Morgan

 

Morgan Stanley

c/o Broadridge Financial Solutions

 

Attn: Prospectus Dept.

1155 Long Island Avenue

 

180 Varick Street, 2nd Floor

Edgewood, NY 11717

 

New York, NY 10014

Telephone: 866-802-9204

 

Email: prospectus@morganstanley.com

 

 

Telephone: 866-718-1649

 

 

 

UBS Investment Bank

 

 

Attention: Prospectus Department

 

 

299 Park Avenue

 

 

New York, NY 10171

 

 

Telephone: 888-827-7275

 

 

 

This news release does not constitute an offer to sell or a solicitation of an offer to buy the limited partnership interests described herein, nor shall there be any sale of these limited partnership interests in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.  The offering may be made only by means of a prospectus and related prospectus supplement.

 

TC PipeLines, LP is a Delaware master limited partnership with interests in 5,560 miles of federally regulated U.S. interstate natural gas pipelines which serve markets across the United States and Eastern Canada. This includes significant interests in Great Lakes Gas Transmission Limited Partnership and Northern Border Pipeline Company as well as 25 percent ownership interest in each of Gas Transmission Northwest LLC, and Bison Pipeline LLC. The Partnership also wholly owns North Baja Pipeline, LLC and Tuscarora Gas Transmission Company. The Partnership is managed by its general partner, TC PipeLines

 



 

GP, Inc., an indirect wholly-owned subsidiary of the Partnership’s sponsor, TransCanada Corporation (NYSE: TRP). TC PipeLines GP, Inc. also holds common units of TC PipeLines, LP.

 

Forward-Looking Statements

 

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  Forward-looking statements can be identified by words such as “expects,” “intends,” “anticipates,” “plans,” “seeks,” “believes,” “estimates” and other words or expressions of similar reference to future periods.  Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions.  As such, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict.  Our actual results may differ materially from those contemplated by the forward-looking statements.  We caution you against relying on any of these forward-looking statements.  They are neither statements of historical fact nor guarantees or assurances of future performance.  Important factors that could cause actual results to differ materially from those in the forward looking statements include but are not limited to:  our ability to identify and complete expansion projects and other accretive growth opportunities; failure to receive the necessary regulatory approval; failure of the acquisition to be immediately accretive to cash per common unit generated from operations; timing of the completion of the acquisition; changes to management’s plans and objectives; demand for natural gas; availability and location of natural gas supplies in the United States and Canada; natural gas prices and regional differences; increases in operational or compliance costs resulting from changes in environmental and other regulations affecting our pipeline systems; weather conditions; the outcome of rate proceedings; and changes in taxation of master limited partnerships.  Any forward-looking statement made in this release speaks only as of the date on which it is made.  Factors or events that could cause our actual results to differ may occur from time-to-time and it is not possible to predict all of them.  We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

 

–30–

 

Media Inquiries:

 

Shawn Howard/Grady Semmens

 

403.920.7859

Unitholder and Analyst Inquiries:

 

Rhonda Amundson

 

877.290.2772

 

 

investor_relations@tcpipelineslp.com

 

2


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