Canadian Pacific Kansas City Plans $1.2B Debt Offering with 4.0% and 5.5% Notes
CPCP•
Canadian Pacific Kansas City’s subsidiary is issuing $600 million of 4.000% notes due 2029 and $600 million of 5.500% notes due 2056. Net proceeds will refinance outstanding debt and support general corporate purposes, with closing expected on March 6, 2026.
1. Debt Offering Details
Canadian Pacific Railway Company, a wholly owned subsidiary of Canadian Pacific Kansas City, is issuing $600 million of 4.000% senior notes due 2029 and $600 million of 5.500% senior notes due 2056, each guaranteed by the parent company.
2. Use of Proceeds and Closing
The net proceeds will be used primarily to refinance outstanding indebtedness and for general corporate purposes; the offering is expected to close on March 6, 2026, subject to customary closing conditions.
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