Loan & DebtMay 7, 2026, 08:02 PM
CN Announces US$750M Public Debt Offering
AI Summary
Canadian National Railway Co (CN) announced a public debt offering totaling US$750 million. This includes US$300 million aggregate principal amount of 4.350% Notes due 2029 and US$450 million aggregate principal amount of 4.950% Notes due 2036. The offering is expected to close on May 12, 2026, with net proceeds intended for general corporate purposes, including the repayment of commercial paper.
Key Highlights
- CN announced a US$750 million public debt offering.
- The offering includes US$300 million of 4.350% Notes due 2029.
- It also includes US$450 million of 4.950% Notes due 2036.
- The offering is expected to close on May 12, 2026.
- Net proceeds will be used for general corporate purposes, including commercial paper repayment.
- Joint bookrunners include J.P. Morgan, RBC Capital Markets, and SMBC Nikko Securities America.