RegulatoryMay 8, 2026, 06:02 AM
South Bow Subsidiaries Rely on Parent Disclosure for NI 51-102 Exemption
AI Summary
South Bow Corp's subsidiaries, South Bow USA Infrastructure Holdings LLC and South Bow Canadian Infrastructure Holdings Ltd., filed notices of reliance on the parent company's continuous disclosure documents. This is pursuant to an exemption under National Instrument 51-102 for credit support issuers, as South Bow Corp fully guarantees the subsidiaries' payment obligations. The filing includes unaudited summary financial information, showing consolidated revenue of $491 million and net income of $77 million for Q1 2026.
Key Highlights
- South Bow USA Infrastructure Holdings LLC and South Bow Canadian Infrastructure Holdings Ltd. rely on South Bow Corp's continuous disclosure.
- Reliance is under Section 13.4 of National Instrument 51-102, an exemption for credit support issuers.
- South Bow Corp fully and unconditionally guarantees the payment obligations of its 100% owned subsidiaries.
- Consolidated total revenue for Q1 2026 was $491 million, down from $498 million in Q1 2025.
- Consolidated total net income for Q1 2026 was $77 million, down from $88 million in Q1 2025.
- Consolidated current assets were $2,177 million as of March 31, 2026, up from $2,015 million at December 31, 2025.
- Consolidated non-current liabilities were $7,135 million as of March 31, 2026, down from $7,143 million at December 31, 2025.
Price Impact
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