(Source: TC PipeLines LP) HOUSTON, TEXAS--(Marketwired - July 2, 2013) -TC PipeLines, LP (NYSE:TCP) (the Partnership) today announced the closing of its acquisition of an additional 45 percent interest in each of Gas Transmission Northwest LLC (GTN) and Bison Pipeline LLC (Bison) from subsidiaries of TransCanada Corporation (TSX:TRP) (NYSE:TRP). The acquisition is expected to be immediately accretive to Partnership cash flows and earnings. The Partnership funded the $1.05 billion acquisition with net proceeds of approximately $381 million from its equity offering in May, a new five year $500 million term loan from the Partnership's syndicate of lenders, $146 million of...
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