Inter Pipeline Raises $325M

Inter Pipeline Fundhas 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 ofCanadian Imperial Bank of Commerce, andToronto-Dominion Bankas the lead managers of the deal.

Click here for the release fromPR-USA.net.