The net proceeds of the offering will be used for general corporate purposes and to reduce short term indebtedness of TransCanada and its affiliates, which short term indebtedness was used to fund TransCanada's capital program and for general corporate purposes.
MarkWest intends to use the net proceeds of this offering for general partnership purposes, which may include, among other things paying or refinancing a portion of its outstanding indebtedness and funding working capital, its capital expenditure program or acquisitions.
Sabine Liquefaction intends to use the net proceeds from the offering to pay capital costs in connection with the construction of the first four liquefaction trains at its facility in Cameron Parish, Louisiana.
The partnership intends to use the net proceeds from this offering to reduce indebtedness outstanding under its revolving credit facility, fund ongoing expansion projects and for general partnership purposes.
Williams plans to use the net proceeds from the offering to repay amounts outstanding under the partnership's commercial paper program, to fund capital expenditures and for general partnership purposes.