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    Dec 7, 2017

    Kinder Morgan Canada announces $200M bought deal offering

    Reuters

    Pipes are seen at the Kinder Morgan Trans Mountain facility in Edmonton, Alta.

    Pipes are seen at the Kinder Morgan Trans Mountain facility in Edmonton, Alta., Thursday, April 6, 2017. , The Canadian Press

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    Kinder Morgan Canada (KML.TO) on Wednesday announced a $200 million offering of preferred shares to fund its Trans-Mountain pipeline expansion to west coast, and Base Line terminal project in Alberta.

    The company, a unit of Houston-based Kinder Morgan Inc (KMI.N), said it would offer 8 million shares at $25 each.

    The shares are being bought by a syndicate of underwriters led by CIBC Capital Markets, Scotiabank, RBC Capital Markets and TD Securities.

    Correction: A previous version of this story did not specify that the company announced a preferred share offering.