CN files shelf prospectus for C$6 billion of debt securities
February 11 2020 - 05:00PM
CN (TSX: CNR) (NYSE: CNI) today 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
debt, 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).
CN is a true backbone of the economy,
transporting more than C$250 billion worth of goods annually for a
wide range of business sectors, ranging from resource products to
manufactured products to consumer goods, across a rail network of
approximately 20,000 route-miles spanning Canada and mid-America.
CN – Canadian National Railway Company, along with its operating
railway subsidiaries – serves the cities and ports of Vancouver,
Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile,
Ala., and the metropolitan areas of Toronto, Edmonton, Winnipeg,
Calgary, Chicago, Memphis, Detroit, Duluth, Minn./Superior, Wis.,
and Jackson, Miss., with connections to all points in North
America.
Contacts |
Media |
|
Investment Community |
Jonathan Abecassis |
|
Paul Butcher |
Senior Manager |
|
Vice-President |
Media Relations |
|
Investor Relations |
(514) 399-7956 |
|
(514) 399-0052 |
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