Canadian Pacific Kansas City Limited (TSX: CP; NYSE: CP) announced that its wholly-owned subsidiary, Canadian Pacific Railway Company, has issued US$600 million of 4.000% Notes due 2029 and US$600 million of 5.500% Notes due 2056, which will be guaranteed by CPKC. The offering closed on March 6, 2026.
The net proceeds from the offering will be used primarily for the refinancing of outstanding indebtedness and for general corporate purposes.
Bennett Jones acted as Canadian counsel to Canadian Pacific Railway. The team was led by Harinder S. Basra, with Rebecca Burnand and Hayden Logan (Capital Markets), Anu Nijhawan (Tax) and Karen J. Dawson (Banking & Secured Transactions).
