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.
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