Canadian Pacific Railway

The syndicate of agents in Canadian Pacific Railway’s $300 million Canadian offering

Client

The Syndicate of Agents

Value

$300 million

Service

Capital Markets

Date Closed

March 2020

Industry

Transportation & Logistics

Lead Office

Calgary

 

On March 9, 2020, Canadian Pacific Railway Company completed a $300 million public offering of 3.05% unsecured unsubordinated notes due 2050. The offering was completed through a syndicate of agents led by RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc. and Scotia Capital Inc. as joint lead book-runners. The proceeds of the offering will be used for the refinancing of outstanding indebtedness and for general corporate purposes.

The 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. Canadian Pacific offers a suite of freight transportation services, logistics solutions and supply chain expertise.

Osler, Hoskin & Harcourt LLP advised the syndicate of agents with a team consisting of Daniel Kolibar, Justin Sherman, Jacob Young, Meg Hiles (Corporate), Colena Der and Darian Khan (Tax).