CN files shelf prospectus for C$6 billion of debt securities
May 05 2022 - 8:58AM
CN (TSX: CNR) (NYSE: CNI) announced today that it has filed a final
shelf prospectus with Canadian securities regulators and a
registration statement with the United States Securities and
Exchange Commission (SEC), pursuant to which CN may issue up to C$6
billion of debt securities in Canadian and U.S. markets over the
next 25 months.
CN expects to use net proceeds from the sale of
debt securities under the shelf prospectus for general corporate
purposes, including the redemption and refinancing of outstanding
indebtedness, share repurchases, acquisitions and other business
opportunities.
A registration statement relating to these
securities has been filed with the SEC but has not yet become
effective. These securities may not be sold nor may offers to buy
be accepted prior to the time the registration statement becomes
effective. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy the securities, nor shall
there be any sale of the securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of such
jurisdiction.
A copy of the final shelf prospectus will be
available on the Canadian Securities Administrators' web site,
www.sedar.com, or the SEC's website, www.sec.gov. It may also be
obtained from the Corporate Secretary, Canadian National Railway
Company, 935 de La Gauchetière Street West, Montreal, Que., H3B 2M9
(Telephone: 514-399-7091).
About CNCN is
a world-class transportation leader and trade-enabler. Essential to
the economy, to the customers, and to the communities it serves, CN
safely transports more than 300 million tons of natural resources,
manufactured products, and finished goods throughout North America
every year. As a railroad connecting Canada’s Eastern and Western
coasts with the U.S. South through a 18,600-mile rail network, CN
and its affiliates have been contributing to community prosperity
and sustainable trade since 1919. CN is committed to programs
supporting social responsibility and environmental stewardship.
Contacts:
Media |
Investment Community |
Jonathan Abecassis |
Paul Butcher |
Senior Manager |
Vice-President |
Media Relations |
Investor Relations |
438-455-3692media@cn.ca |
(514)
399-0052investor.relations@cn.ca |
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