CN Announces $600M Debt Offering Comprising $300M 5.850% Notes Due 2033 And $300M 6.125% Notes Due 2053
Portfolio Pulse from Benzinga Newsdesk
Canadian National Railway (CNI) has announced a $600 million debt offering. The offering is split into two parts: $300 million 5.850% notes due 2033 and $300 million 6.125% notes due 2053.
October 31, 2023 | 6:21 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
CNI's $600M debt offering could potentially increase the company's leverage, but also provide funds for future investments or debt repayments.
The debt offering will increase CNI's liabilities, potentially affecting its credit rating and interest costs. However, the funds raised could be used for investments or debt repayments, which could improve the company's financial health in the long term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100