Loan & DebtMay 8, 2026, 06:12 AM
Canadian National Railway Announces US$750M Debt Offering
AI Summary
Canadian National Railway Company announced a public debt offering of US$750 million. This offering comprises US$300 million in 4.350% Notes due 2029 and US$450 million in 4.950% Notes due 2036. The company expects to close the offering on May 12, 2026, and plans to use the net proceeds for general corporate purposes, including the repayment of commercial paper.
Key Highlights
- Canadian National Railway announced a public debt offering totaling US$750 million.
- The offering includes US$300 million aggregate principal amount of 4.350% Notes due 2029.
- It also includes US$450 million aggregate principal amount of 4.950% Notes due 2036.
- The offering is expected to close on May 12, 2026, subject to customary closing conditions.
- Net proceeds will be used for general corporate purposes, including repayment of commercial paper.
- Joint bookrunners are J.P. Morgan Securities LLC, RBC Capital Markets, LLC, and SMBC Nikko Securities America, Inc.
Price Impact
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