KANSAS CITY SOUTHERN: M&A transaction — CPKC completes acquisition of Kansas City Southern; debt exchange cancels ~$3.0B in notes

KANSAS CITY SOUTHERN

On April 14, 2023, CPKC obtained control of Kansas City Southern after STB approval and termination of voting trust.
CPRC exchanged over 90% of each of seven series of KCS notes for new CPRC notes guaranteed by CPKC.
Only $83.6M aggregate principal of old KCS notes remain outstanding after the exchange and cancellation.
Thirteenth Supplemental Indenture amended indentures to eliminate restrictive covenants and reporting requirements for remaining notes.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

KANSAS CITY SOUTHERN underwent a change of control involving Canadian Pacific Kansas City Limited (formerly Canadian Pacific Railway Limited, referred to herein as CPKC) (closed 2023-04-14).

Action: change of control
Counterparty: Canadian Pacific Kansas City Limited (formerly Canadian Pacific Railway Limited, referred to herein as CPKC)
Closing: 2023-04-14

Exact text from the filing

Upon the occurrence of the Control Acquisition on the Control Date, a change in control of Kansas City Southern occurred and CPKC obtained control of Kansas City Southern.

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Source: SEC EDGAR

accession 0001193125-23-108341

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