CANADIAN PACIFIC KANSAS CITY LTD/CN (CP): debt financing — CPKC completes exchange of ~$3.01B KCS notes; tender rates exceed 90%

CANADIAN PACIFIC KANSAS CITY LTD/CN

CPKC/CPRC exchanged ~$3.01B of KCS notes for new CPRC notes; tender rates exceeded 90% per series.
Only $83.6M of old notes remain outstanding after exchange; KCS notes cancelled.
Consent amendments removed certain reporting covenants and events of default from KCS indentures.
New CPRC notes issued with CPKC guarantee, matching maturities and coupons of exchanged old notes.

item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.7

CANADIAN PACIFIC KANSAS CITY LTD/CN amended senior notes.

Instrument: senior notes
Event: amendment

Exact text from the filing

which amended and supplemented the Old Notes Indentures and adopted the Amendments. The Amendments, among other things, modified or eliminated certain reporting requirements, restrictive covenants and events of default

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CANADIAN PACIFIC KANSAS CITY LTD/CN incurred senior notes of $ 226,823,000 of 3.125% Notes due 2026, $414,838,000 of 2.875% Notes due 2029, $448,453,000 of 4.300% Notes due 2043, $4 with Computershare Trust Company, N.A., as successor to Wells Fargo Bank, National Association, as trustee at 3.125%, 2.875%, 4.300%, 4.950%, 4.700%, 3.500%, 4.200% maturing 2026, 2029, 2043, 2045, 2048, 2050, 2069.

Instrument: senior notes
Principal: $ 226,823,000 of 3.125% Notes due 2026, $414,838,000 of 2.875% Notes due 2029, $448,453,000 of 4.300% Notes due 2043, $4
Counterparty: Computershare Trust Company, N.A., as successor to Wells Fargo Bank, National Association, as trustee
Rate: 3.125%, 2.875%, 4.300%, 4.950%, 4.700%, 3.500%, 4.200%
Maturity: 2026, 2029, 2043, 2045, 2048, 2050, 2069
Event: incurrence

Exact text from the filing

for CPRC's 3.125% Notes due 2026, 2.875% Notes due 2029, 4.300% Notes due 2043, 4.950% Notes due 2045, 4.700% Notes due 2048, 3.500% Notes due 2050 and 4.200% Notes due 2069

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CANADIAN PACIFIC KANSAS CITY LTD/CN filing history →

Source: SEC EDGAR

accession 0001193125-23-106558

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