GrandBridge Corporation and GrandBridge Energy Inc. Complete Debt Restructuring

On October 20, 2025, GrandBridge Corporation and its wholly-owned subsidiary, GrandBridge Energy Inc., completed a debt restructuring including the exchange of (i) 3.929% senior unsecured Series A debentures of GrandBridge Energy Inc. due January 27, 2045, in the aggregate principal amount of $50 million; and (ii) 2.968% senior unsecured Series B debentures of GrandBridge Energy Inc. due August 10, 2060, in the aggregate principal amount of $55 million, for an equal principal amount of newly issued debentures of GrandBridge Corporation having financial and other terms that are the same as those attached to the debentures of GrandBridge Energy Inc.

Prior to the completion of the debenture exchange transaction, GrandBridge Energy Inc. completed a consent solicitation process, together with RBC Dominion Securities in its capacity as solicitation agent, to obtain the consent of the holders of the issued and outstanding debentures. In conjunction with the debt restructuring, GrandBridge Corporation entered into a new senior credit facility with Royal Bank of Canada totalling $130 million.

Aird & Berlis LLP represented GrandBridge Corporation and GrandBridge Energy Inc. with a team led by Rachel Silber (Financial Services) and Russell Sanders (Capital Markets) and including Saam Nainifard (Tax), Kieran Moloney and Jenaya McLean (Financial Services) and Michelle Slipanchuk (Articling Student).