Canadian Pacific Railway Company completed an offering of U.S.$600 million 4.000% notes due 2029 and U.S.$600 million 5.500% notes due 2056, guaranteed by Canadian Pacific Kansas City Limited, pursuant to an Underwriting Agreement dated March 4, 2026 with Goldman Sachs & Co. LLC and others, and the Eighth Supplemental Indenture dated March 6, 2026.
Key takeaways
Completed offering of U.S.$600M 4.000% 2029 Notes and U.S.$600M 5.500% 2056 Notes on March 6, 2026
Notes guaranteed by Canadian Pacific Kansas City Limited
Underwriting Agreement dated March 4, 2026 with Goldman Sachs & Co. LLC, Barclays Capital Inc., Citigroup Global Markets Inc., SMBC Nikko Securities America, Inc.
Interest payable semi-annually on March 15 and September 15, commencing September 15, 2026
Issued under Indenture dated September 11, 2015, supplemented by Eighth Supplemental Indenture dated March 6, 2026
Underwriters purchased 2029 Notes at 99.422% and 2056 Notes at 98.137% of principal