secwatch / observer
8-K filed February 11, 2025, 6:59 PM ET ticker CP CIK 0000016875
debt confidence high sentiment neutral materiality 0.50

CANADIAN PACIFIC KANSAS CITY LTD/CN (CP): debt financing — CPKC subsidiary CPRC enters $500M unsecured term loan facility; amends by-laws

CANADIAN PACIFIC KANSAS CITY LTD/CN

Key facts

Extracted from this filing and checked against the source text.

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

CANADIAN PACIFIC KANSAS CITY LTD/CN incurred credit facility of $500 million with Bank of Montreal, as administrative agent, and the lenders and financial institutions party thereto at base rate or SOFR plus a margin based on the Corporation's senior unsecured cred maturing initial six-month maturity.

Instrument
credit facility
Principal
$500 million
Counterparty
Bank of Montreal, as administrative agent, and the lenders and financial institutions party thereto
Rate
base rate or SOFR plus a margin based on the Corporation's senior unsecured cred
Maturity
initial six-month maturity
Event
incurrence
Exact text from the filing
On February 6, 2025, Canadian Pacific Kansas City Limited (the “Corporation”), as covenantor, and Canadian Pacific Railway Company (“CPRC”), as borrower, entered into a Credit Agreement (the “Credit Agreement”) with Bank of Montreal, as administrative agent, and the lenders and financial institutions party thereto, pursuant to which the lenders provided CPRC with $500 million in unsecured term loans, which have an initial six-month maturity.
View on SEC.gov
Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

CANADIAN PACIFIC KANSAS CITY LTD/CN: Board amended and restated By-law No. 2 to update advance notice deadlines in connection with shareholder meetings (effective 2024-10-22).

Change
bylaw amendment
Effective
2024-10-22
Exact text from the filing
On October 22, 2024, the Board of Directors (the “Board”) of the Corporation approved and adopted the Amended and Restated By-law No. 2 of the Corporation, which became effective the same day.
View on SEC.gov

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Source: SEC EDGAR
accession 0001193125-25-024321
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