14 May 2008
Canadian Pacific Announces US$700 Million Debt Offering
Canadian Pacific Railway Limited announced today that its
wholly-owned subsidiary, Canadian Pacific Railway Company, is issuing US$400 million of 5.75% Notes due
15 May 2013 and US$300 million of 6.50% notes due 15 May 2018. The transaction is expected to close
20 May 2008. The net proceeds from this offering of approximately US$693 million will be used to repay a portion of the
outstanding amount of the 18-month term credit facility incurred to fund the acquisition of the Dakota, Minnesota &
Eastern Railroad (the DM&E) in October 2007.
The debt offering is being made in the United States under the shelf registration statement dated 1 May 2007 for up to
US$1.5 billion of debt securities.
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