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CALGARY, AB, Nov. 23, 2021 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) announced today that it has agreed to issue an aggregate of $1 billion Senior Unsecured Notes (the “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 … Continue Reading

TORONTO and CALGARY, AB, Oct. 28, 2021 /CNW/ – Brookfield Infrastructure Partners L.P. (NYSE: BIP) (TSX: BIP.UN), together with its institutional partners (collectively, “Brookfield Infrastructure“) and Inter Pipeline Ltd. (“Inter Pipeline“) (TSX: IPL) are pleased to announce the successful completion of Brookfield Infrastructure’s strategic acquisition of Inter Pipeline pursuant to the previously announced statutory plan of arrangement under the Business Corporations Act (Alberta) (the “Arrangement“).

The Arrangement was approved  by: (i) 99.91% of  the votes cast by holders of common shares (“Inter Pipeline Shares“) of Inter Pipeline (“Shareholders“) present in person (virtually) or represented by proxy at … Continue Reading

Brookfield Infrastructure and Inter Pipeline are pleased to announce that the Special Meeting of Inter Pipeline shareholders to approve the Arrangement will take place on October 28, 2021 at 8:30 a.m. (Mountain Time)

Inter Pipeline announces that Christian Bayle, President and Chief Executive Officer and Brent Heagy, Chief Financial Officer, will each be stepping down from their management positions effective at the closing of the Arrangement. At which time, Brookfield Infrastructure executives Brian Baker and Paul Hawksworth will assume the roles of interim Chief Executive Officer and Chief Financial Officer, respectively

TORONTO and CALGARY, AB, Sept. 22, … Continue Reading

CALGARY, AB, Aug. 5, 2021 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline” or the “Company”) (TSX: IPL) announced its financial and operating results for the three and six-month periods ended June 30, 2021.

“Inter Pipeline delivered another quarter of strong, stable results, with our core businesses performing very well,” stated Christian Bayle, President and CEO. “I wish to take this opportunity to sincerely thank the Inter Pipeline team for their unwavering focus on advancing our business priorities despite the disruption and uncertainty of an extended corporate strategic review and likely sale of the company.

“I am very … Continue Reading

CALGARY, AB, Aug. 3, 2021 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline” or the “Company”) (TSX: IPL) today announced that it is filing its second notice of change to its Directors’ Circular (the “Notice of Change”) concerning the recommendation of the Inter Pipeline Board of Directors (the “Board”) that shareholders accept the revised takeover offer filed on July 19, 2021 (the “Revised Brookfield Offer”) from an affiliate of Brookfield Infrastructure Partners L.P. (“Brookfield”).  

Additionally, Inter Pipeline is providing an update on its Heartland Petrochemical Complex (“HPC”) related to additional contracting, expected start-up timing, capital costs, EBITDA guidance and the … Continue Reading

CALGARY, AB, July 29, 2021 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL) announced today the voting results from its annual virtual-only meeting of shareholders (the “Meeting”) held July 29, 2021 in Calgary, Alberta. Shareholders were asked to vote on a number of proposals as described in detail in the Joint Management Information Circular dated June 29, 2021.

A total of 231,486,173 common shares representing 53.93 percent of Inter Pipeline’s issued and outstanding shares were voted in person or by proxy in connection with the Meeting.

Election of Directors

Inter Pipeline is pleased to announce that … Continue Reading

CALGARY, AB, July 27, 2021 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline” or the “Company”) (TSX: IPL) today announced that its Board of Directors (“Board”) is recommending acceptance of the revised takeover offer filed on July 19, 2021 (the “Revised Brookfield Offer”) from an affiliate of Brookfield Infrastructure Partners L.P. (“Brookfield”) in light of the termination of the Pembina Arrangement (defined below).      

The recommendation follows consultation with legal and financial advisors and a recommendation of the special committee of independent directors of the Board (the “Special Committee”).

Under the Revised Brookfield Offer, each Inter Pipeline shareholder will have the … Continue Reading

CALGARY, AB, July 26, 2021 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline” or the “Company”) (TSX: IPL) today announced that it has advised Pembina Pipeline Corporation (“Pembina”) that Inter Pipeline’s Board of Directors will not be reconfirming its recommendation that shareholders of the Company vote in favour of the Pembina Arrangement (as defined below). As a result, Pembina has terminated the Arrangement Agreement (as defined below) effective July 25, 2021 and Inter Pipeline has agreed to pay Pembina the termination fee of $350 million.    

On May 31, 2021, Inter Pipeline entered into an agreement (the “Arrangement Agreement”) … Continue Reading

Commission finds Brookfield’s conduct to be “clearly abusive” to Inter Pipeline Shareholders

CALGARY, AB, July 12, 2021 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline” or the “Company”) (TSX: IPL) today commented on a favourable ruling by the Alberta Securities Commission (the “ASC”) regarding the proposed strategic combination (the “Pembina Arrangement”) of Inter Pipeline with Pembina Pipeline Corporation (“Pembina”) and the unsolicited takeover bid for Inter Pipeline by an affiliate of Brookfield Infrastructure Partners L.P. (“Brookfield”).

In response to applications from Inter Pipeline and Pembina regarding Brookfield’s unprecedented use of total return swaps in connection with its unsolicited bid, the … Continue Reading

CALGARY, AB, July 9, 2021 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL) announced today the declaration of a cash dividend of $0.04 per share for July 2021. This dividend will be paid on or about August 16, 2021 to shareholders of record on July 22, 2021. This dividend is designated as an “eligible dividend” for Canadian tax purposes.

Since inception, Inter Pipeline has distributed approximately $6.3 billion in cash payments to investors. Inter Pipeline’s objective is to provide investors with sustainable monthly cash dividends, with dividend growth upside tied to the development of Inter Pipeline’s portfolio … Continue Reading