Canadian National Railway Company (TSE:CNR) has released an update.
Canadian National Railway Company (CN) has announced a public debt offering of C$1.25 billion, consisting of C$700 million 4.60% Notes due 2029 and C$550 million 5.10% Notes due 2054, with plans to close on May 2, 2024. The proceeds are intended for general corporate uses such as debt refinancing, share repurchases, and business acquisitions. This offering is part of CN’s strategy to strengthen its financial position and invest in future growth.
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