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CPKC announces C$1.8 billion debt offering
The offering will be used mainly to refinance debt and support capital spending, with proceeds also available for general corporate purposes.
- On September 28, 2026, Canadian Pacific Kansas City Limited announced a C$1.8 billion debt offering through its subsidiary, Canadian Pacific Railway Company .
- Debt notes include four series: C$500 million at 4.20% due 2030, C$550 million at 4.60% due 2033, C$300 million at 4.90% due 2037, and C$450 million at 5.40% due 2056.
- CPRC expects the transaction to close on October 6, 2026, subject to customary closing conditions and issuance under a base shelf prospectus supplement.
- Refinancing outstanding indebtedness and supporting general corporate purposes are the primary goals for the net proceeds CPKC obtained from the debt offering.
- Headquartered in Calgary, Alta., CPKC operates as a transnational railway linking Canada, the United States, and Mexico, utilizing approximately 20,000 route miles to provide rail services.
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