Trans Mountain Corp. Arranges Bond Sale To Refinance $18B Debt

Trans Mountain Corp., Canada's newly expanded Trans Mountain pipeline, is arranging a bond sale to refinance part of its debt ahead of the Canadian government’s eventual sale of the oil pipeline operator.  The company had C$25.3 billion ($18.4 billion) debt as of March 31, including credit agreements with a syndicate of lenders containing two facilities totaling C$19 billion.  The Canadian government bought and nationalized the existing pipeline from a unit of Kinder Morgan Inc. (NYSE:KMI) in 2018 to ensure that…