Business
CN Announces US$750 Million Debt Offering
MONTREAL, May 07, 2026 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today announced a public deb...
About this update from Canadian National Railway Company
[{"type":"text","content":"CN Announces US$750 Million Debt Offering\nMONTREAL, May 07, 2026 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today announced a public debt offering of US$750 million comprised of US$300 million aggregate principal amount of 4.350% Notes due 2029 and US$450 million aggregate principal amount of 4.950% Notes due 2036. CN expects to close the offering on May 12, 2026, subject to the satisfaction of customary closing conditions. CN plans to use the net proceeds from the offering for general corporate purposes, including the repayment of commercial paper. The debt offering is being made in the United States under an effective shelf registration statement dated April 29, 2026. The joint bookrunners of the debt offering are: J.P. Morgan Securities LLC, RBC Capital Markets, LLC and SMBC Nikko Securities America, Inc. A copy of the prospectus supplement and the accompanying prospectus for the offering may be obtained by contacting: J.P. Morgan Securities LLC, c/o Broadridge Solutions, 1155 Long Island Avenue, Edgewood, New York, NY, 11717, Telephone 1-212-834-4533, Email: [email protected] or [email protected]; RBC Capital Markets, LLC, Brookfield Place, 200 Vesey Street, 8th Floor, New York, New York 10281, Attn: DCM Transaction Management, Telephone: 212-618-7706, Email: [email protected]; or SMBC Nikko Securities America, Inc., 277 Park Avenue, Attn: Debt Capital Markets, New York, NY 10172, Telephone: 888-868-6856, Email: [email protected]. This news 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 registration or qualification under the securities laws of any such jurisdiction. About CN CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919. Forward-Looking Statements Certain statements includ...