CPKC subsidiary CPRC enters $500M unsecured term loan facility; amends by-laws

CANADIAN PACIFIC KANSAS CITY LTD/CN

CPRC borrowed $500M in unsecured term loans with initial 6-month maturity under Credit Agreement dated Feb 6, 2025.
Interest at base rate or SOFR plus margin based on CPKC's senior unsecured rating (SOFR margin 87.5–162.5 bps).
CPKC guarantees the loans; financial covenant requires Funded Net Debt/EBITDA ratio not exceed 4.00:1.00.
Board amended By-law No. 2 effective Oct 22, 2024 to update advance notice deadlines for shareholder nominations.

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