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CANADIAN PACIFIC KANSAS CITY LTD/CN 8-K Report, Material Agreement (Mar 6, 2020)

Reports
Material Agreements·Financial Events·Exhibits & Filings
Filing Date
Filed March 6, 2020
Period End
March 3, 2020
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 ’18Jun ’18
  2. Leadership change8-K · Feb ’22Feb ’22
  3. Leadership change8-K · Jul ’26Jul ’26

01—Abstract

Summary

Summary of the 8-K filed March 6, 2020. Cited figures are marked; the original filing is the authoritative source.

Canadian Pacific Kansas City Ltd./CN (CP) has filed an 8-K report detailing a significant financing transaction.

The company, through its subsidiary Canadian Pacific Railway Company, successfully completed a U.S.$500 milliona offering of 2.050% notes due in 2030. These notes are guaranteed by the parent company, Canadian Pacific Railway Limited, providing an additional layer of security for investors. This offering represents a material definitive agreement and the creation of a direct financial obligation for the company.

02—Key points

Key Highlights

  1. Completion of a U.S.$500 million offering of 2.050% notes due 2030.
  2. The notes are guaranteed by the parent company, Canadian Pacific Railway Limited.
  3. The offering was made under a registration statement filed in March 2019, with terms supplemented by a final prospectus supplement dated March 3, 2020.
  4. The issuance is governed by an Indenture dated September 11, 2015, as supplemented by a Fourth Supplemental Indenture dated March 5, 2020.
  5. Key agreements, including the Underwriting Agreement and forms of the Note and Supplemental Indenture, are filed as exhibits.
  6. This event constitutes the entry into a material definitive agreement and the creation of a direct financial obligation for the registrant.

03—Questions

Frequently Asked Questions

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

    This 8-K filing announces the completion of a material definitive agreement, specifically the offering and issuance of U.S.$500 million in 2.050% notes due 2030.

  2. What is the total amount and interest rate of the new debt issued?

    Canadian Pacific Railway Company issued U.S.$500,000,000 in aggregate principal amount of notes with a coupon rate of 2.050%.

  3. Who is responsible for repaying these notes?

    The notes are issued by Canadian Pacific Railway Company and are guaranteed by its parent, Canadian Pacific Railway Limited. This means both entities have obligations related to the repayment of the debt.

  4. What is the maturity date of these newly issued notes?

    The notes have a maturity date in the year 2030.

04—Continue

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