Inter Pipeline Ltd announced a private placement of senior unsecured notes for gross proceeds of CAD 550,000,000 on May 16, 2022. As part of transaction the company will issue notes with a fixed interest rate of 5.849% per annum, payable semi-annually, and mature on May 18, 2032. 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 May 18, 2022, subject to customary closing conditions.