Canadian National Railway (CNI) announced on June 5, 2025, a public debt offering totaling C$1 billion. The offering consists of C$500 million in 3.500% Notes due 2030 and C$500 million in 4.200% Notes Due 2035.
The company expects to close the offering on June 10, 2025, subject to customary closing conditions. The net proceeds from this offering are planned for general corporate purposes.
These purposes may include the redemption and refinancing of outstanding indebtedness, share repurchases, acquisitions, and other business opportunities. This debt issuance provides CN with capital flexibility for its strategic initiatives.
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