Inter Pipeline Fund has raised $325 million in a sale of notes. The multinational petroleum, transportation and infrastructure company plans to use the net proceeds to pay down a portion of its existing bank indebtedness. The notes carry a coupon rate of 4.967% and are due to mature on Feb. 2, 2021. Inter Pipeline appointed investment dealer arms of Canadian Imperial Bank of Commerce, and Toronto-Dominion Bank as the lead managers of the deal.
Click here for the release from PR-USA.net.