On June 11, 2025, Canadian Pacific Kansas City Limited (CPKC) announced a C$1.4 billion debt offering through its wholly-owned subsidiary, Canadian Pacific Railway Company. The offering comprises C$500 million of 4.00% Notes due 2032, C$600 million of 4.40% Notes due 2036, and C$300 million of 4.80% Notes due 2055.
These notes will be guaranteed by CPKC, and the transaction is expected to close on June 13, 2025, subject to customary closing conditions. The net proceeds from this offering are primarily intended for the refinancing of outstanding indebtedness, demonstrating CPKC's continued focus on optimizing its capital structure.
Additionally, the funds will be used for general corporate purposes, providing financial flexibility to support CPKC's ongoing operations and strategic initiatives. This offering was made in Canada under CPRC's base shelf prospectus.
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