Canadian Pacific announces CDN$400 million debt offering
12 Novembre 2009 - 11:12PM
PR Newswire (US)
CALGARY, Nov. 12 /PRNewswire-FirstCall/ -- Canadian Pacific Railway
Limited (TSX/NYSE: CP) announced today that its wholly-owned
subsidiary, Canadian Pacific Railway Company, is issuing CDN$400
million of 6.45% Notes due November 17, 2039. The transaction is
expected to close November 17, 2009. The net proceeds from this
offering of approximately CDN$398 million will be used for general
corporate purposes which may include the funding of pension plan
obligations as well as the reduction and restructuring of
indebtedness. The debt offering is being made in Canada under the
base shelf prospectus dated June 26, 2009 for up to CDN$1.5 billion
of medium term notes. Canadian Pacific, through the ingenuity of
its employees located across Canada and in the United States,
remains committed to being the safest, most fluid railway in North
America. Our people are the key to delivering innovative
transportation solutions to our customers and to ensuring the safe
operation of our trains through the more than 1,100 communities
where we operate. Come and visit us at http://www.cpr.ca/ to see
how we can put our ingenuity to work for you. Canadian Pacific is
proud to be the official rail freight services provider for the
Vancouver 2010 Olympic and Paralympic Winter Games. DATASOURCE:
Canadian Pacific CONTACT: Media: Mike LoVecchio, Tel: (778)
772-9636, e-mail: ; Investment Community: Janet Weiss, Assistant
Vice-President Investor Relations, Tel.: (403) 319-3591, e-mail:
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