Liability management exercises · defined & tracked

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Deal Tracker

Xplore

September 2024 · Canada · Dropdown · CBCA Plan of Arrangement

An early-2024 drop-down raised $450 million of preferred equity by spinning out fibre projects; Xplore then restructured through a CBCA plan of arrangement with $600 million of new financing.

Discussed in Liability Management Exercises: Law and Practice at ¶¶ 2.49, 2.84, 2.91, 26.46–26.47.