Canadian Pacific Announces the Results of its U.S. Debt Offering
29 Novembre 2011 - 8:01AM
PR Newswire (US)
CALGARY, Nov. 29, 2011 /PRNewswire/ - Canadian Pacific
Railway Limited (TSX:CP)(NYSE:CP) announced that its wholly-owned
subsidiary, Canadian Pacific Railway Company, is issuing:
- US $250 million of 4.50% Notes
due 2022
- US $250 million of 5.75% Notes
due 2042
The transaction is expected to close on December 1, 2011.
The offering is being made in the
United States under the base shelf prospectus dated
June 29, 2011 which allows for
offerings of up to US $1.5 billion of
debt securities. The net proceeds from this offering will be
used for a voluntary prepayment in 2011 to CP's Canadian defined
benefit pension plans.
About Canadian Pacific
Canadian Pacific (TSX:CP)(NYSE:CP) operates a North American
transcontinental railway providing freight transportation services,
logistics solutions and supply chain expertise. Incorporating
best-in-class technology and environmental practices, CP is
re-defining itself as a modern 21st century transportation company
built on safety, service reliability and operational efficiency.
Visit cpr.ca and see how Canadian Pacific is Driving the Digital
Railway.
SOURCE Canadian Pacific
Copyright 2011 PR Newswire
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