Loan & DebtJul 8, 2026, 04:22 PM
Canadian Pacific Extends Credit Facility Maturity Dates
AI Summary
Canadian Pacific Kansas City Limited (CP) announced that its wholly-owned subsidiary, Canadian Pacific Railway Company (CPRC), entered into a Second Amending Agreement to its credit agreement. This amendment extends the maturity date for the 5-Year Facility from June 25, 2030, to June 25, 2031, and the 2-Year Facility from June 25, 2027, to June 25, 2028. The agreement, dated July 6, 2026, involves CPRC as borrower, CP as covenantor, and Bank of Montreal as administrative agent.
Key Highlights
- 5-Year Maturity Date extended from June 25, 2030, to June 25, 2031.
- 2-Year Maturity Date extended from June 25, 2027, to June 25, 2028.
- Second Amending Agreement dated July 6, 2026, with Canadian Pacific Railway Company as borrower.
- Canadian Pacific Kansas City Limited is the covenantor.
- Bank of Montreal serves as the administrative agent for the lenders.
- Amends the third amended and restated credit agreement from June 25, 2024.
Price Impact
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