secwatch.observer — SEC 8-K summary
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Issuer:     CANADIAN PACIFIC KANSAS CITY LTD/CN (CP)
CIK:        0000016875
Form:       8-K
Filed at:   2025-02-11T23:59:59+00:00
Accession:  0001193125-25-024321
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/16875/000119312525024321/0001193125-25-024321-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/16875/000119312525024321/d906463d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-024321

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