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CANADIAN PACIFIC KANSAS CITY LTD/CN 8-K Report, Material Agreement (Mar 17, 2025)

Reports
Material Agreements·Financial Events·Exhibits & Filings
Filing Date
Filed March 17, 2025
Period End
March 12, 2025
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 March 17, 2025. Cited figures are marked; the original filing is the authoritative source.

Canadian Pacific Kansas City Ltd. (CP) has announced the completion of a significant debt offering, raising a total of U.S.$1.2 billiona through the issuance of two tranches of notes.

The offering includes U.S.$600 millionb in 4.800% notes due 2030 and U.S.$600 million in 5.200% notes due 2035. These notes are guaranteed by the parent company, Canadian Pacific Kansas City Limited, providing additional security to investors. This debt issuance was registered under the Securities Act of 1933 and finalized through an Underwriting Agreement with major financial institutions.

This move indicates CP's strategic financing activities, likely aimed at funding ongoing operations, capital expenditures, or refinancing existing debt. The long-term nature of these notes, with maturities in 2030 and 2035, suggests a focus on securing stable and long-term financing.

Investors should note the specific interest rates and maturity dates as key components of their investment analysis in CP's debt structure. The filing incorporates the details of the Underwriting Agreement and the Indentures governing these new notes.

02—Key points

Key Highlights

  1. Completion of U.S.$1.2 billion debt offering via two tranches: U.S.$600 million of 4.800% notes due 2030 and U.S.$600 million of 5.200% notes due 2035.
  2. Notes are guaranteed by parent company Canadian Pacific Kansas City Limited.
  3. The offering was registered under the Securities Act of 1933, indicating compliance with regulatory requirements.
  4. Key agreements include an Underwriting Agreement with major financial institutions (Wells Fargo Securities, BofA Securities, Goldman Sachs, Morgan Stanley) and a Seventh Supplemental Indenture.
  5. This debt issuance represents a material definitive agreement and the creation of a direct financial obligation for the company.
  6. The filing incorporates detailed exhibits including the Underwriting Agreement, Seventh Supplemental Indenture, and forms of the notes.
  7. The issuance of these notes signals strategic financing for the company, potentially for capital projects or general corporate purposes.

03—Questions

Frequently Asked Questions

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

    This 8-K filing announces the completion of Canadian Pacific Kansas City Ltd.'s offering of U.S.$1.2 billion in aggregate principal amount of new debt notes, specifically U.S.$600 million of 4.800% notes due 2030 and U.S.$600 million of 5.200% notes due 2035.

  2. Who is guaranteeing the newly issued notes?

    The newly issued notes (collectively, the 'Securities') are guaranteed by Canadian Pacific Kansas City Limited, the parent company of Canadian Pacific Railway Company.

  3. What are the key maturities and interest rates for the new notes?

    The offering consists of 4.800% notes due in 2030 and 5.200% notes due in 2035. Each tranche has an aggregate principal amount of U.S.$600 million.

  4. Which financial institutions were involved in the underwriting of this debt offering?

    The Underwriting Agreement was entered into with Wells Fargo Securities, LLC, BofA Securities, Inc., Goldman Sachs & Co. LLC, and Morgan Stanley & Co. LLC, acting as representatives of the several Underwriters.

04—Continue

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