---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-024321"
form_type: "8-K"
ticker: "CP"
cik: "0000016875"
company_name: "CANADIAN PACIFIC KANSAS CITY LTD/CN"
filed_at: "2025-02-11T23:59:59+00:00"
generated_at: "2026-05-26T23:26:23.585976+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-024321
- form_type: 8-K
- ticker: CP
- cik: 0000016875
- company_name: CANADIAN PACIFIC KANSAS CITY LTD/CN
- filed_at: 2025-02-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/16875/000119312525024321/0001193125-25-024321-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16875/000119312525024321/d906463d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-024321
- JSON: https://secwatch.observer/filing/0001193125-25-024321.json
- Plain text: https://secwatch.observer/filing/0001193125-25-024321.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.