Core Viewpoint - South Bow Corp. has announced the extension of the expiration dates for its Canadian and U.S. Exchange Offers related to certain outstanding notes, providing holders additional time to exchange their notes for new series with the same interest rates and due dates [1][3][6]. Canadian Exchange Offer - The expiration date for the Canadian Exchange Offer has been extended from 5:00 p.m. ET on August 4, 2025, to 5:00 p.m. ET on August 6, 2025 [3]. - Holders of the 7.625% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055 and 7.500% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055 are offered the opportunity to exchange their notes for new series with the same interest rates and due dates [2][4]. - The deadline to withdraw tenders of the Initial Canadian Notes has also been extended to the new expiration date, with all other terms remaining unchanged [3][4]. U.S. Exchange Offer - The expiration date for the U.S. Exchange Offer has similarly been extended from 5:00 p.m. ET on August 4, 2025, to 5:00 p.m. ET on August 6, 2025 [6][7]. - Holders of the 4.911% Senior Notes due 2027, 5.026% Senior Notes due 2029, 5.584% Senior Notes due 2034, and 6.176% Senior Notes due 2054 are offered the opportunity to exchange their notes for new series with the same interest rates and due dates [5][8]. - The deadline to withdraw tenders of the Initial U.S. Notes has also been extended to the new expiration date, with all other terms remaining unchanged [7][8]. Company Overview - South Bow operates 4,900 kilometers (3,045 miles) of crude oil pipeline infrastructure, connecting Alberta crude oil supplies to U.S. refining markets [12]. - The company is based in Calgary, Alberta, and is an investment-grade spinoff of TC Energy, having become a standalone entity on October 1, 2024 [12].
South Bow Announces Extension of Expiration Date for Exchange Offers Relating to Certain Outstanding Notes