04:34 AM EDT, 06/12/2025 (MT Newswires) -- Canadian Pacific Kansas City ( CP ) said late Wednesday that its Canadian Pacific Railway unit is offering 1.4 billion Canadian dollars ($1.02 billion) of notes in three tranches.

The offering comprises CA$500 million of 4% notes due 2032, CA$600 million of 4.4% notes due 2036, and CA$300 million of 4.8% notes due 2055.

The company expects the offering to close Friday and plans to use the net proceeds to refinance debt and for general corporate expenditures.