UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 28, 2011
TC PipeLines, LP
(Exact name of registrant as specified in its charter)
Delaware |
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000-26091 |
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52-2135448 |
(State or other jurisdiction |
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(Commission File |
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(IRS Employer |
13710 FNB Parkway |
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68154-5200 |
(Address of principal executive offices) |
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(Zip Code) |
Registrants telephone number, including area code (877) 290-2772
Not Applicable
(Former name or former address if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
On April 28, 2011, TC PipeLines, LP (the Partnership) entered into an Underwriting Agreement (the Underwriting Agreement) with Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. Incorporated and UBS Securities LLC, as representatives of the several underwriters named therein (the Underwriters), that provides for the issuance and sale by the Partnership, and the purchase by the Underwriters, of 6,300,000 common units representing limited partnership interests in the Partnership. The Underwriters were also granted and have exercised an overallotment option to purchase an additional 945,000 common units on the same terms and conditions to the extent more than 6,300,000 common units are sold in the offering. The material terms of the offering of the common units are described in the prospectus supplement, dated April 28, 2011, filed by the Partnership with the Securities and Exchange Commission (the Commission). The offer and sale of the common units are registered with the Commission under the Securities Act of 1933, as amended, pursuant to a shelf registration statement on Form S-3 (File No. 333-166221). The Partnership expects the transaction to close on Tuesday, May 3, 2011, subject to customary closing conditions.
The Underwriting Agreement contains customary representations, warranties and agreements of the Partnership and certain affiliates, and customary conditions to closing, indemnification rights, obligations of the parties and termination provisions.
The foregoing description of the Underwriting Agreement is qualified in its entirety by reference to such Underwriting Agreement, a copy of which is filed herewith as Exhibit 1.1 and is incorporated herein by reference.
Item 7.01 Regulation FD Disclosure
On April 28, 2011, the Partnership issued a press release announcing that it had priced the offering described in Item 1.01 of this Current Report on Form 8-K. A copy of the press release is furnished as Exhibit 99.1 hereto.
In accordance with General Instruction B.2 of Form 8-K, the press release is deemed to be furnished and shall not be deemed filed for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
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Description |
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1.1 |
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Underwriting Agreement, dated April 28, 2011, among TC PipeLines, LP, TC PipeLines GP, Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. Incorporated and UBS Securities LLC, as Representatives of the Underwriters. |
5.1 |
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Opinion of Orrick, Herrington & Sutcliffe LLP. |
8.1 |
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Opinion of Orrick, Herrington & Sutcliffe LLP with respect to tax matters. |
23.1 |
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Consent of Orrick, Herrington & Sutcliffe LLP (included in Exhibits 5.1 and 8.1). |
99.1 |
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Press Release dated April 28, 2011. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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TC PipeLines, LP | |
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By: TC PipeLines GP, Inc., | |
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its general partner | |
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By: |
/s/ Annie C. Belecki |
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Annie C. Belecki |
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Assistant Secretary |
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Dated: April 29, 2011 |
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EXHIBIT INDEX
Exhibit No. |
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Description |
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1.1 |
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Underwriting Agreement, dated April 28, 2011, among TC PipeLines, LP, TC PipeLines GP, Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. Incorporated and UBS Securities LLC, as Representatives of the Underwriters. |
5.1 |
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Opinion of Orrick, Herrington & Sutcliffe LLP. |
8.1 |
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Opinion of Orrick, Herrington & Sutcliffe LLP with respect to tax matters. |
23.1 |
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Consent of Orrick, Herrington & Sutcliffe LLP (included in Exhibits 5.1 and 8.1). |
99.1 |
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Press Release dated April 28, 2011. |