Canadian National Railway Company (TSE:CNR) has released an update.
Canadian National Railway Company (CN) has announced a significant public debt offering consisting of C$700 million in 4.60% notes due in 2029, and C$550 million in 5.10% notes due in 2054, aiming to close by May 2, 2024. The funds raised are intended for a variety of corporate initiatives, including debt refinancing, share repurchases, and potential acquisitions. This offering is part of CN’s strategic financial planning under its base shelf prospectus dated April 2, 2024.
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