Canadian National Railway prolongs consent deadline in tender offer for 6.375% notes

By Jennifer Chiou

New York, Sept. 26 - Canadian National Railway Co. subsidiary CNLX Canada Inc. announced the extension of the consent deadline in the tender offer and consent solicitation for Canadian National's $400 million of 6.375% notes due Oct. 15, 2011.

The consent deadline will now coincide with the tender expiration time of 11:59 p.m. ET on Oct. 11.

As announced when the offer launched on Sept. 13, holders are asked to consent to proposed amendments to the indenture governing the notes.

The company is offering par plus accrued interest up to but excluding the settlement date, still expected for Oct. 12. Those who tender their holdings will receive a consent payment equal to $2.50 per $1,000 principal amount of notes. Previously, holders had to tender by 5 p.m. ET on Sept. 26 to receive the consent payment.

Citigroup Global Markets Inc. (800 558-3745) is the dealer manager, and Global Bondholder Services Corp. (866 470-4300 or 212 430-3774) is the information agent.

The railway transportation company is based in Montreal.

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