Canadian Pacific Railway Company, a subsidiary of S&C client Canadian Pacific Kansas City Limited, completed a multi-tranche $1.2 billion SEC-registered offering of senior notes, consisting of $600 million of its 4.8% senior notes due 2030 and $600 million of its 5.2% senior notes due 2035.
The net proceeds will be used for the refinancing of outstanding indebtedness and for general corporate purposes.
Canadian Pacific is the only single-line railroad linking the United States, Mexico and Canada and has direct links to major ports on the west and east coasts.
The S&C team representing Canadian Pacific includes Alan Fishman and Connor Schillerstrom. Cathy Clarkin, Connor Schillerstrom and Bradford Olson advise Canadian Pacific on ongoing disclosure and SEC compliance matters. Davis Wang, Saul Brander and John Jo advised on tax matters. Matt Brennan advised on environmental matters.