Liability management exercises · defined & tracked

liabilitymanagement.ca

The register

Deal Tracker

133 reported liability management exercises from 2009 to 2025, classified by structure, jurisdiction and what followed. The list begins with Table 1 of Liability Management Exercises: Law and Practice and is updated as transactions are reported.

JurisdictionAllUSCanadaEurope

8 of 133 deals · clear filters

DateCompanyJurisdictionStructureSubsequent event
December 2025 KIK Consumer Products Canada / US Uptier —
September 2025 Telesat Canada Dropdown Litigation
April 2025 Conuma Resources Canada – USD SSNs Uptier —
September 2024 Xplore Canada Dropdown CBCA Plan of Arrangement
November 2022 Mitel Networks Canada – USD term loans Uptier Litigation / Bankruptcy
September 2022 Bausch Health Canada – USD SSNs Exchange Litigation
August 2021 Domtar Canada – USD SSNs Exchange —
March 2020 Cirque du Soleil Canada – USD SSNs Dropdown Bankruptcy

The list draws on 9fin, S&P, PitchBook/LCD, Octus, CreditSights and Bloomberg material, and is limited principally to reported transactions involving debt over US$500m, with selected non-US examples. Classifications are illustrative: many deals combine structures, and the label records the main mechanism reported. The tracker records reported transactions only and does not assess any company’s financial position. Corrections: mclarksonmaciel@cassels.com.