Calgary Alberta - Canadian Pacific Railway Limited announces that its wholly-owned subsidiary, Canadian Pacific Railway Company, is issuing:
 
US$250 million of 3.700 percent Notes due 2026
 
US$550 million of 4.800 percent Notes due 2045
 
The transaction is expected to close on 3 Aug 2015, subject to customary closing conditions.
 
The offering is being made in the United States under Canadian Pacific Railway Company's base shelf prospectus dated 11 Jul 2013 and prospectus supplement dated 29 Jul 2015.
 
The net proceeds from this offering will be used for general corporate purposes, including reducing short term indebtedness, which indebtedness was used to fund capital investments and share repurchases under our normal course issuer bid.
 
The joint book-running managers of the debt offering are Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets LLC, and Wells Fargo Securities LLC.
 
A copy of the prospectus supplement and the accompanying prospectus for the offering may be obtained by contacting Citigroup Global Markets Inc., Attn:  Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY, USA, 11717. Telephone:  1-800-831-9146 (toll-free). e-mail:  prospectus@citi.com.
 
Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, 11th Floor, New York, NY, USA, 10038, Attn:  Prospectus Department, telephone:  1-800-294-1322 (toll-free), e-mail:  dg.prospectus_requests@baml.com.
 
RBC Capital Markets, LLC, Three World Financial Center, 200 Vesey Street, New York, NY, USA, 10281, Attn:  Debt Capital Markets, telephone:  1-866-375-6829 (toll-free), e-mail:  usdebtcapitalmarkets@rbccm.com.
 
Wells Fargo Securities, LLC, 608 2nd Avenue, South Minneapolis, MN, USA, 55402, Attn:  WFS Customer Service, telephone:  1-800-645-3751 (toll-free), e-mail:  wfscustomerservice@wellsfargo.com.
 
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of these securities, in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Anonymous Author.

       

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