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An update from Canadian Pacific Kansas City ( (TSE:CP) ) is now available.
Canadian Pacific Kansas City Limited announced a US $1.2 billion debt offering through its subsidiary, Canadian Pacific Railway Company. The proceeds from this offering, which includes $600 million of 4.800% Notes due 2030 and $600 million of 5.200% Notes due 2035, will be used mainly for refinancing existing debt and general corporate purposes. This financial move is expected to strengthen CPKC’s financial position and provide flexibility for future operations.
More about Canadian Pacific Kansas City
Canadian Pacific Kansas City Limited (CPKC) operates in the transportation industry, primarily focusing on railway services. The company is known for its extensive rail network in North America, facilitating the movement of goods across the continent.
YTD Price Performance: -0.80%
Average Trading Volume: 2,860,842
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $68.15B
Learn more about CP stock on TipRanks’ Stock Analysis page.