Inter Pipeline Ltd. announced that it has agreed to issue an aggregate of $1 billion Senior Unsecured Notes consisting of: $750 million of Notes with a fixed interest rate of 3.983% per annum, payable semi-annually, and mature on November 25, 2031; and $250 million of Notes with a fixed interest rate of 5.091% per annum, payable semi-annually, and mature on November 27, 2051. The Notes will be senior unsecured debt of Inter Pipeline and will rank equally in right of payment with all other existing and future senior unsecured debt of Inter Pipeline. The Notes are being offered in Canada on a private placement basis in reliance upon exemptions from the prospectus requirements under applicable securities legislation (the "Offering"). The Offering is being made on a best efforts basis through a syndicate of agents, with RBC Capital Markets, CIBC Capital Markets and National Bank Financial acting as joint lead agents and joint bookrunners, as well as BMO Capital Markets and TD Securities as joint bookrunners. The Offering is expected to close on November 25, 2021, subject to customary closing conditions.