TC Energy Corp.

Announced that TransCanada Trust, a wholly-owned financing trust subsidiary of TransCanada PipeLines Ltd. (TCPL), closed an offering of 5.6% subordinated trust notes, series 2022-A due March 7, 2082, guaranteed on a subordinated basis by TCPL and offered through a syndicate of underwriters co-led by Deutsche Bank Securities Inc. and MUFG Securities Americas Inc. Proceeds will be used to redeem its issued and outstanding cumulative redeemable minimum rate reset first preferred shares, series 15 pursuant to their terms, and pending such redemption, to reduce short-term indebtedness as well as for general corporate purposes.