| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers C > Headlines for Canadian National Railway Co. > News item |
CN unit extends consent deadline in offer for $400 million 4.4% notes
By Jennifer Chiou
New York, Feb. 26 - Canadian National Railway Co. said its wholly owned subsidiary CNLX Canada Inc. extended the consent payment deadline to coincide with the tender deadline in the cash offer for the $400 million principal amount of 4.4% notes due March 15, 2013 issued by CN.
The consent deadline is now 11:59 p.m. ET on March 11.
As of the original consent deadline at 5 p.m. ET on Feb. 25, holders had tendered about $324 million, or 81%, of the notes.
As reported, the tender offer price will be par plus accrued interest up to but excluding the settlement date of March 12.
Holders who tender notes are deemed to consent to the proposed amendments.
Those participating will receive a consent payment of $2.50 per $1,000 of notes.
Citigroup Global Markets Inc. (800 558-3745 or collect 212 723-6106) is the dealer manager. Global Bondholder Services Corp. (866 857-2200 or collect 212 430-3774) is the information agent.
CN is a railway transportation company based in Montreal. It launched the solicitation and tender on Feb. 11.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.