Astisiy Limited Partnership entered into agreements acquire 15% stake in Northern Courier Pipeline Limited Partnership from TC Energy Corporation (TSX:TRP) for approximately CAD 1.3 billion on September 16, 2021. The Astisiy Limited Partnership includes the 8 Indigenous communities comprising Athabasca Chipewyan First Nation, Chipewyan Prairie First Nation, Conklin Métis Local #193, Fort Chipewyan Metis Local #125, Fort McKay Métis Nation, McMurray Métis, Fort McMurray #468 First Nation, Willow Lake Métis Nation and Suncor Energy. The Indigenous communities' participation in this transaction is funded by non-recourse financing that is supported by a loan guarantee of up to CAD 40 million from the Alberta Indigenous Opportunities Corporation.

The transaction is subject to customary closing conditions and the required regulatory approvals. The transaction is anticipated to close in the fourth quarter of 2021. TD Securities Inc. acted as Financial Advisor and Debt Arranger for the Indigenous communities in this transaction.

Frank Turner, Kelsey Armstrong, Martha Martindale, Shaun Parker and Kaeleigh Kuzma of Osler, Hoskin & Harcour acted as legal advisor to Suncor Energy.