Canadian National Railway $750 million notes offering
We advised the company on the investment-grade debt offering
Davis Polk advised Canadian National Railway Company (CN) on a registered public offering of $750 million aggregate principal amount of its 4.375% notes due 2034. The notes were offered under the Multijurisdictional Disclosure System for U.S. and Canadian issuers adopted by the SEC.
CN transports more than 300 million tons of natural resources, manufactured products and finished goods throughout North America every year. CN’s network connects Canada’s eastern and western coasts with the U.S. Midwest and the Gulf of Mexico through a nearly 20,000-mile rail network.
The Davis Polk corporate team included partner John B. Meade, counsel Alain Kuyumjian and associate Frank Zhang. The tax team included partner Kara L. Mungovan and associates Ted Lee and Alex Ang Gao. Counsel Sarah E. Kim and associates Jonathan P. Jackson and Caleb Beavers provided 1940 Act advice. Members of the Davis Polk team are based in the New York and London offices.