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CN Rail Launches US$700 Million Debt Offering

BY MT Newswires | CORPORATE | 11/07/25 11:46 AM EST

11:46 AM EST, 11/07/2025 (MT Newswires) -- Canadian National Railway (CNI) on Friday said it is raising US$700 million in a public debt offering.

The company said the offering is made up of US$300 million of 4.200% Notes due 2031 and US$400 million of 4.750% Notes due 2035. CN expects to close the offering on Nov. 12, subject to certain conditions.

Proceeds will be used to repay at maturity all US$500 million of its 2.75% notes due in March 2026 and for general corporate needs, including the repayment of commercial paper.

Shares of the company were last seen down $1.78 to $131.69 on the Toronto Stock Exchange.

Price: 131.70, Change: -1.77, Percent Change: -1.33

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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