South Bow Extends Expiration Date for Canadian and U.S. Debt Exchange Offers

SOBO
October 08, 2025

South Bow Corp. announced on July 17, 2025, an extension of the expiration date for its previously announced exchange offers related to certain outstanding notes. This applies to both the Canadian Exchange Offer by South Bow Canadian Infrastructure Holdings Ltd. and the U.S. Exchange Offer by South Bow USA Infrastructure Holdings LLC.

The expiration date for both exchange offers was extended from 5:00 p.m. ET on August 4, 2025, to 5:00 p.m. ET on August 6, 2025. The deadline for validly withdrawing tendered notes was also extended to the new expiration date.

The Canadian Exchange Offer involves 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. The U.S. Exchange Offer includes 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.

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