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CN announces US$650-million debt offering
CN announces US$650-million debt offering CN announces US$650-million debt offerin...
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[{"type":"text","content":"\n\n\n\nCN announces US$650-million debt offering\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCN announces US$650-million debt offering\nCanada NewsWire\nMONTREAL, July 28, 2016\n\n\n\nMONTREAL, July 28, 2016 /CNW/ - CN (TSX: CNR) (NYSE: CNI) today announced a public debt offering of US$650 million 3.20% Notes due 2046.  CN expects to close the offering on Aug. 2, 2016, subject to customary closing conditions.\n\nCN plans to use the net proceeds from the offering for general corporate purposes, including the redemption and refinancing of outstanding indebtedness, and share repurchases.\n\nThe debt offering is being made in the United States under an effective shelf registration statement CN filed on Jan. 5, 2016.  The joint book-running managers of the debt offering are: Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets, LLC, and Wells Fargo Securities, LLC.  The co-managers of the debt offering are Citigroup Global Markets Inc., HSBC, BMO Capital Markets, BNP PARIBAS, MUFG, Scotiabank, SMBC Nikko, TD Securities, and US Bancorp.  \n\nA copy of the prospectus supplement and the accompanying prospectus for the offering may be obtained by contacting: Merrill Lynch, Pierce, Fenner & Smith Incorporated, 200 North College Street, NC1-004-03-43, Charlotte, NC 28255,  Attention: Prospectus Department, toll-free: 1-800-294-1322, email: [email protected]; RBC Capital Markets, LLC, Three World Financial Center, 200 Vesey Street, 8th Floor, New York, NY 10281, Attention: Debt Capital Markets, toll-free: (866) 375-6829, email: [email protected]; or Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attention: WFS Customer Service, toll-free: 1-800-645-3751, email: [email protected].\n\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registrat...