debt
confidence high
sentiment neutral
materiality 0.35
CPKC subsidiary to issue $1.2B of notes (4.800% due 2030, 5.200% due 2035)
CANADIAN PACIFIC KANSAS CITY LTD/CN
- $600M of 4.800% Notes due 2030 and $600M of 5.200% Notes due 2035 issued by Canadian Pacific Railway Company, guaranteed by CPKC.
- Net proceeds primarily for refinancing outstanding indebtedness and general corporate purposes.
- Offering expected to close March 17, 2025, subject to customary conditions.
- Joint bookrunners: Wells Fargo, BofA, Goldman Sachs, Morgan Stanley, plus syndicate banks.