Canadian Pacific is issuing a debt offering in the United States and Canada. The net proceeds will be used to help fund CP's acquisition of Kansas City Southern.
In the United States, CP is issuing $1.5 billion of 1.35% notes due 2024, $1 billion of 1.75% notes due 2026, $1.4 billion of 2.45% notes due 2031, $1 billion of 3.0% notes due 2041 and $1.8 billion of 3.1% notes due 2051, which will be guaranteed by CP, according to a company press release.
The U.S. offering is due to close Dec. 2.
In Canada, CP is issuing CA$1 billion of 1.589% notes due 2023 and CA$1.2 billion of 2.54% notes due 2028, which will be guaranteed by CP. The Canadian offering is expected to close Nov. 24.Railroad News
Canadian Pacific launches debt offering in U.S., Canada
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Canadian Pacific
11/18/2021
Rail News: Canadian Pacific
Canadian Pacific is issuing a debt offering in the United States and Canada. The net proceeds will be used to help fund CP's acquisition of Kansas City Southern.
In the United States, CP is issuing $1.5 billion of 1.35% notes due 2024, $1 billion of 1.75% notes due 2026, $1.4 billion of 2.45% notes due 2031, $1 billion of 3.0% notes due 2041 and $1.8 billion of 3.1% notes due 2051, which will be guaranteed by CP, according to a company press release.
The U.S. offering is due to close Dec. 2.
In Canada, CP is issuing CA$1 billion of 1.589% notes due 2023 and CA$1.2 billion of 2.54% notes due 2028, which will be guaranteed by CP. The Canadian offering is expected to close Nov. 24.
Canadian Pacific is issuing a debt offering in the United States and Canada. The net proceeds will be used to help fund CP's acquisition of Kansas City Southern.
In the United States, CP is issuing $1.5 billion of 1.35% notes due 2024, $1 billion of 1.75% notes due 2026, $1.4 billion of 2.45% notes due 2031, $1 billion of 3.0% notes due 2041 and $1.8 billion of 3.1% notes due 2051, which will be guaranteed by CP, according to a company press release.
The U.S. offering is due to close Dec. 2.
In Canada, CP is issuing CA$1 billion of 1.589% notes due 2023 and CA$1.2 billion of 2.54% notes due 2028, which will be guaranteed by CP. The Canadian offering is expected to close Nov. 24.Copyright
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