Canadian Pacific Railway Company

The Underwriters in Canadian Pacific Railway Company’s US$8.45 billion note offering

Client

The Underwriters

Value

US$8.45 billion

Service

Capital Markets

Date Closed

December 2021

Industry

Transportation & Logistics

Lead Office

Calgary

 

On December 2, 2021, Canadian Pacific Railway Company completed its US$8.45 billion offering of notes in Canada and the US. The proceeds from the offering will be used to fund the acquisition of Kansas City Southern, a US Class 1 railroad based in Kansas City, Missouri, and will create the first U.S. – Mexico – Canada rail network. 

Canadian Pacific Railway Company is a transcontinental railway in Canada and the United States with direct links to major ports on the west and east coasts.

Osler, Hoskin & Harcourt LLP acted as Canadian counsel to the underwriters for both the Canadian and US offerings with a team led by Daniel Kolibar and consisted of Justin Sherman, Kelsey Armstrong, Carson Wetter, Lindsay Hofer, Bhavish Beejan (Corporate), Dana Saric (Financial Services) and David Davachi (Tax).