Canadian National Railway (TSE:CNR) has released an update.
Canadian National Railway (CN) has announced a significant debt offering of US$750 million at a 4.375% interest rate, maturing in 2034, with the expected closure date of September 18, 2024. The company intends to allocate the net proceeds toward a variety of corporate activities, including debt refinancing, share repurchases, and potential acquisitions. This offering will take place in the United States and is managed by a consortium of financial institutions.
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