RE:RE:Chorus debentures in case of takeoverFrom the Nov 29/19 prospectus, the company must buy the debentures back at 101 after a change in control. I have copied the paragraph from the prospectus, available on SEDAR.
Change of Control
Within 30 days following the occurrence of a Change of Control, Chorus shall be required to (a) give to the Debenture Trustee, and the Debenture Trustee shall deliver to all holders of record of Debentures, written notice as provided in the Indenture, stating among other things, the occurrence of a Change of Control, and (b) offer to purchase all of the outstanding Debentures (a “Change of Control Purchase Offer”) on the date (the “Change of Control Purchase Date”) that is up to five business days following the date on which the Change of Control Purchase Offer shall expire (which date shall not, unless otherwise required by applicable securities laws, be earlier than the close of business on the 30th day and not later than then close of business on the 60th day following the date on which the Change of Control Purchase Offer is delivered or mailed to the Debenture Trustee), at a purchase price equal to 101% of the principal amount of the Debentures plus any accrued and unpaid interest up to, but not including, the Change of Control Purchase Date (“Change of Control Purchase Price”). If such purchase date is after a record date but on or prior to an Interest Payment Date, however, then the interest payable on such date will be paid to the holder of record of the Debentures on the relevant record date.