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CANADIAN PACIFIC KANSAS CITY LTD/CN 8-K Report, Corporate Update (May 15, 2018)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed May 15, 2018
Period End
May 14, 2018
Security
CP
In the record · 2016–202610-K2010-Q328-K361

CP filed 20 annual reports (10-K), 32 quarterly reports (10-Q) and 361 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Jun ’17Jun ’17
  2. Material agreement8-K · Oct ’19Oct ’19
  3. Leadership change8-K · Feb ’22Feb ’22
  4. Leadership change8-K · Jul ’26Jul ’26

01—Abstract

Summary

Summary of the 8-K filed May 15, 2018. Cited figures are marked; the original filing is the authoritative source.

Canadian Pacific Kansas City Ltd./CN (CP) filed an 8-K on May 14, 2018, to announce a significant financing event.

The company's wholly-owned subsidiary, Canadian Pacific Railway Company, is issuing US$500 milliona in notes with a 4.000% coupon rate, maturing in 2028. This issuance aims to bolster the company's financial flexibility and support its ongoing operational and strategic initiatives. Investors should note that this filing primarily concerns debt financing rather than operational updates or financial performance.

The $500 millionb in new debt represents a strategic move to manage capital structure and potentially fund future growth or investments. The specific use of proceeds is not detailed in this 8-K, but such issuances are typically utilized for general corporate purposes, including capital expenditures, acquisitions, or refinancing existing debt.

02—Key points

Key Highlights

  1. Canadian Pacific Railway Company (subsidiary of CP) is issuing US$500 million of notes.
  2. The notes have a fixed interest rate of 4.000%.
  3. The maturity date for these notes is 2028.
  4. The filing was made on May 14, 2018, with the event date of May 13, 2018.
  5. The purpose of the issuance is for financing and capital management.
  6. The announcement was made via a press release attached as Exhibit 99.1.

03—Questions

Frequently Asked Questions

  1. What is the primary purpose of this 8-K filing?

    This 8-K filing is primarily to announce a debt financing transaction where Canadian Pacific Railway Company is issuing US$500 million of 4.000% notes due 2028.

  2. How much debt is Canadian Pacific issuing?

    The company is issuing US$500 million in aggregate principal amount of notes.

  3. When do these new notes mature?

    The notes are due in 2028, meaning they have a 10-year maturity from the issuance date.

  4. Does this filing provide details on how the proceeds will be used?

    This particular 8-K filing, focused on the debt issuance announcement, does not specify the exact use of proceeds. Typically, such funds are used for general corporate purposes, which could include capital expenditures, acquisitions, or debt repayment.

04—Continue

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