US EditionCPKC announces C$1.4 billion debt offering
- CPKC announced that its subsidiary, Canadian Pacific Railway Company, is issuing C$500 million of 4.00% Notes due 2032, C$600 million of 4.40% Notes due 2036, and C$300 million of 4.80% Notes due 2055, which will be guaranteed by CPKC.
- The transaction is expected to close on June 13, 2025, pending customary closing conditions.
- Net proceeds from this Offering will be used to refinance CPRC's outstanding indebtedness and for general corporate purposes.
- The joint lead agents for the Offering include Scotia Capital Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., and RBC Capital Markets.
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Total News Sources51
Leaning Left6Leaning Right5Center20Last UpdatedBias Distribution65% Center
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- 65% of the sources are Center
65% Center
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C 65%
R 16%
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