CN announced a public debt offering of C$500 million 3.500% Notes due 2030, and C$500 million 4.200% Notes Due 2035. CN expects to close the offering on June 10, 2025, subject to customary closing conditions.
CN plans to use the net proceeds from the offering for general corporate purposes, which may include the redemption and refinancing of outstanding indebtedness, share repurchases, acquisitions and other business opportunities.
The debt offering is being made in Canada under CN’s base shelf prospectus dated April 2, 2024.
CN announced today that it established a new monthly record for grain movement across its network. In June, CN moved 2.67 million metric tonnes (MMT) of grain from Western Canada,…
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