CPKC announces US $1.2 billion debt offering
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Canadian Pacific Kansas City Limited (CPKC) announced a US $1.2 billion debt offering through its subsidiary, Canadian Pacific Railway Company. The offering includes US$600 million of 4.800% Notes due 2030 and US$600 million of 5.200% Notes due 2035, guaranteed by CPKC.
March 12, 2025 | 11:00 pm
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CPKC is issuing US $1.2 billion in debt through its subsidiary, Canadian Pacific Railway Company. The offering includes two sets of notes due in 2030 and 2035, guaranteed by CPKC.
The debt offering indicates CPKC's strategy to raise capital, which could be used for expansion or other financial maneuvers. The impact on stock price is neutral in the short term as it depends on how the capital is utilized.
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