CPKC announces C$1.8 billion debt offering
CPKC announced a C$1.8 billion debt offering through subsidiary Canadian Pacific Railway Company, guaranteed by CPKC, across four tranches maturing 2030 through 2056 with coupons from 4.20% to 5.40%. Net proceeds will primarily refinance CPRC's outstanding indebtedness, with remainder for general corporate purposes; the deal is expected to close October 6, 2026.
Key figures
- Deal Value Usd
- C$1.8 billion
- Tranches
- ["C$500 million 4.20% Notes due 2030","C$550 million 4.60% Notes due 2033","C$300 million 4.90% Notes due 2037","C$450 million 5.40% Notes due 2056"]
- Closing Date
- 2026-10-06
AI analysis
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