CPKC announces C$1.4 billion debt offering

Company Overview - Canadian Pacific Kansas City Limited (CPKC) is issuing 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, guaranteed by CPKC [1][2] - The transaction is expected to close on June 13, 2025, subject to customary closing conditions [2] - The net proceeds from the Offering will be used to refinance CPRC's outstanding indebtedness and for general corporate purposes [2] Offering Details - The Offering is made under CPRC's base shelf prospectus dated March 6, 2025, supplemented by the prospectus supplement dated June 11, 2025 [3] - The joint lead agents and joint active book-runners for the Offering include Scotia Capital Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., and RBC Capital Markets [2] Regulatory Information - The securities issued under the Offering have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States without registration or an applicable exemption [4] - Access to the Prospectus is provided in accordance with securities legislation and is available on SEDAR+ [5] Company Background - CPKC is the first and only single-line transnational railway linking Canada, the United States, and Mexico, with access to major ports from Vancouver to Atlantic Canada and the Gulf Coast [11][12] - The company operates approximately 20,000 route miles and employs 20,000 railroaders, providing unparalleled rail service and network reach across North America [12]