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CN Rail Announces $1 Billion Debt Offering
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CN Rail Announces $1 Billion Debt Offering
Jun 6, 2025 3:50 AM

06:42 AM EDT, 06/06/2025 (MT Newswires) -- CN Rail (CNR.TO, CNI) overnight Thursday announced a public debt offering of $500 million 3.500% notes due 2030, and $500 million 4.200% notes due 2035.

The company expects to close the offering on June 10, with net proceeds slated for general corporate purposes.

The debt offering is being made in Canada under the company's base shelf prospectus dated April 2.

Shares of the company on Thursday closed down 0.5% to US$105.57 on the New York Stock Exchange and closed down 0.6% to $144.30 on the Toronto Stock Exchange.

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