Scotiabank acts as lender for $1.1B financing of Coastal GasLink pipeline

Financing Natural Gas Pipeline announced Canada Apr 26, 2024

USD1100B

Deal Value

construction

Stage

Coastal GasLink

Project

Coastal GasLink secured $1.1 billion in financing from a syndicate of banks, including Scotiabank, to fund the completion of its natural gas pipeline project in British Columbia.

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Counterparts (2)

Lender

Scotiabank (Bank of Nova Scotia)

company · 1 deals

Scotiabank is a global bank offering personal, business, commercial, wealth management, private banking, corporate and investment banking, and capital markets services. The bank operates in various countries and serves a wide range of clients.

Developer

Coastal GasLink

company

Coastal GasLink is a 670-kilometre (420 miles) natural gas pipeline under construction in British Columbia, Canada. It is owned and being developed by TC Energy.

Source Intelligence

KEY DETAILS

Coastal GasLink is a 670-kilometre (420 miles) natural gas pipeline

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Deal Size

USD1100M

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Location

British Columbia, Canada

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Announcement

Apr 26, 2024

PARTIES MENTIONED IN SOURCE

Scotiabank lender

"Scotiabank acts as lender"

Coastal GasLink developer

"Coastal GasLink company"

TC Energy developer

"It is owned and being developed by TC Energy."

high quality Enriched Feb 19, 2026

Timeline

Announced

Apr 26, 2024

Signed

Closed

Get the full picture — timeline, source intelligence, and counterpart analysis.

Source

www.globalinfrastructuresherpa.com

View Full Deal Details

Scotiabank acts as lender for $1.1B financing of Coastal GasLink pipeline

Counterparts (2)

Source Intelligence

Timeline

Source

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