 Bennett JonesClient Work Canadian Pacific Railway Company Closes C$1.4 Billion Debt OfferingJune 16, 2025 Authors Harinder S. BasraCalgary Managing Partner Brent W. KrausCo-Head of Mergers & Acquisitions Rebecca BurnandAssociate Anu Nijhawan KCLead Director and Head of Tax Department Rebecca M. TaylorAssociate Canadian Pacific Railway Company (CPRC), a wholly-owned subsidiary of Canadian Pacific Kansas City Limited (CPKC), has issued 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, which will be guaranteed by CPKC. The transaction closed on June 13, 2025. Republication Requests To obtain permission to republish this publication or any other publication, contact Erica Wirthlin at wirthline@bennettjones.com. For Informational Purposes Only This publication provides an overview of trends and legal updates for informational purposes only. For personalized legal advice, please contact the authors. AuthorsHarinder S. Basra, Calgary Managing Partner Calgary • 403.298.4494 • basrah@bennettjones.com Brent W. Kraus, Co-Head of Mergers & Acquisitions Calgary • 403.298.3071 • krausb@bennettjones.com Rebecca Burnand, Associate Calgary • 403.298.3321 • burnandr@bennettjones.com Anu Nijhawan KC, Lead Director and Head of Tax Department Calgary • 403.298.3389 • nijhawana@bennettjones.com Rebecca M. Taylor, Associate Calgary • 403.298.3086 • taylorr@bennettjones.com |