Canadian National Railway closes $550 million public debt offering

Canadian National Railway Company has closed a public debt offering of $550 million 4.15 percent Notes due 2030, $400 million 4.40 percent Notes Due 2033, and $800 million 4.70 percent Notes Due 2053.

The joint book-running managers of the debt offering are Citigroup Global Markets, J.P. Morgan Securities, U.S. Bancorp Investments, and BNP Paribas Securities.

Canadian National Railway plans to use the net proceeds from the offering for general corporate purposes, which may include the redemption and refinancing of outstanding indebtedness, share repurchases, acquisitions, and other business opportunities.

Deal Type

Public/Private Offering

Industry

Transportation

Transaction

$ 550,000,000

Deal Status

Closed

Closing Date

10 May 2023