Canadian National Railway Company (TSE:CNR) has released an update.
Canadian National Railway Company (CN) has announced a substantial debt offering totaling C$1.25 billion, comprising C$700 million in 4.60% notes due in 2029 and C$550 million in 5.10% notes due in 2054. The company aims to finalize the offering by May 2, 2024, with plans to allocate the net proceeds for various corporate activities such as debt refinancing, share buybacks, and potential acquisitions. This strategic financial move is expected to bolster CN’s financial flexibility and support its growth initiatives.
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