debt
confidence high
sentiment neutral
materiality 0.60
CPKC announces $1.2B debt offering: $600M 4% notes due 2029 and $600M 5.5% notes due 2056
CANADIAN PACIFIC KANSAS CITY LTD/CN
- Canadian Pacific Railway Company, CPKC subsidiary, issuing $600M of 4.000% notes due 2029.
- Also issuing $600M of 5.500% notes due 2056, for total $1.2 billion.
- Net proceeds will refinance outstanding indebtedness and for general corporate purposes.
- Offering expected to close March 6, 2026; underwriters include Goldman Sachs, Barclays, Citigroup, SMBC Nikko.