01—Abstract
Summary
Summary of the 8-K filed March 6, 2026. 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 the completion of a significant debt offering.
The company successfully issued U.S.$600 milliona in 4.000% notes due 2029 and U.S.$600 million in 5.500% notes due 2056, totaling U.S.$1.2 billion. These notes are guaranteed by the parent company, Canadian Pacific Kansas City Limited. This offering, registered under the Securities Act of 1933, was executed through an Underwriting Agreement with several prominent financial institutions.
02—Key points
Key Highlights
- Completion of a U.S.$1.2 billion aggregate principal amount debt offering.
- Issued U.S.$600 million of 4.000% notes due 2029.
- Issued U.S.$600 million of 5.500% notes due 2056.
- Guaranteed by parent company Canadian Pacific Kansas City Limited.
- Underwriting agreement entered into with Goldman Sachs & Co. LLC, Barclays Capital Inc., Citigroup Global Markets Inc., and SMBC Nikko Securities America, Inc.
- Offering registered under the Securities Act of 1933.
- Debt issuance finalized through an Eighth Supplemental Indenture.
03—Questions
Frequently Asked Questions
What is the primary purpose of this 8-K filing?
This 8-K filing primarily announces the completion of Canadian Pacific Railway Company's offering of U.S.$1.2 billion in aggregate principal amount of notes and details the material definitive agreements entered into as part of this offering.
What are the key financial obligations created by this filing?
The company has incurred two new financial obligations: U.S.$600 million in 4.000% notes due 2029 and U.S.$600 million in 5.500% notes due 2056. Both are guaranteed by Canadian Pacific Kansas City Limited.
Who were the underwriters for this debt offering?
The underwriters for this offering, acting as representatives of the several underwriters, included Goldman Sachs & Co. LLC, Barclays Capital Inc., Citigroup Global Markets Inc., and SMBC Nikko Securities America, Inc.
What is the significance of the Eighth Supplemental Indenture?
The Eighth Supplemental Indenture is a crucial document that governs the terms of the newly issued 2029 Notes and 2056 Notes, executed by Canadian Pacific Railway Company, the Guarantor, and the Trustee (Computershare Trust Company N.A.).
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