Canadian Pacific Kansas City Issues $1.2B Debt Offering
Dow Jones07:36
By Katherine Hamilton
Canadian Pacific Kansas City is issuing $1.2 billion in debt offerings.
The freight company said Wednesday it is issuing $600 million of 4% notes due in 2029 and $600 million of 5.5% notes due in 2056.
Canadian Pacific plans to use net proceeds for the refinancing of outstanding debt and general corporate purposes, it said.
Until they are used for those purposes, the proceeds may be invested in short-term investment grade securities or bank deposits.
The offering is expected to close on March 6 and will be guaranteed by the company.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
March 04, 2026 18:36 ET (23:36 GMT)
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