TransCanada shores up liquidity for Keystone

Syndicated from Oil Sands Truth on Mon, 2008-12-01

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Energy

TransCanada shores up liquidity for Keystone
Reuters
Published: Wednesday, November 26, 2008

Despite uncertain markets, Trans-Canada Corp. closed its second big stock offering of the year Tuesday and secured a $950-million credit facility as it moved to shore up its balance sheet to cover the cost of building the $5.2-billion Keystone pipeline.

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TransCanada shores up liquidity for Keystone