Inter Pipeline Ltd announced a private placement of senior unsecured notes for gross proceeds of CAD 1,000,000,000 on November 23, 2021. As part of transaction the company will issue notes with a fixed interest rate of 3.983% per annum, payable semi-annually, and mature on November 25, 2031 for proceeds of CAD 750,000,000 and Notes with a fixed interest rate of 5.091% per annum, payable semi-annually, and mature on November 27, 2051 for proceeds of CAD 250,000,000. The notes will be senior unsecured debt of the company and will rank equally in right of payment with all other existing and future senior unsecured debt of the company. The transaction is being made of best-efforts basis. The transaction is expected to close on November 25, 2021, subject to customary closing conditions.