CN announces $750 million debt offering with notes due 2029 and 2036

Canadian National Railway Co. (NYSE: CNI) announced a public debt offering of $750 million consisting of two tranches of notes. The offering includes $300 million of 4.350% notes due 2029 and $450 million of 4.950% notes due 2036.

The company expects to close the offering on May 12, 2026, subject to customary closing conditions. CN plans to use the net proceeds for general corporate purposes, including repayment of commercial paper.

The debt offering is being conducted in the United States under an effective shelf registration statement dated April 29, 2026. J.P. Morgan Securities LLC, RBC Capital Markets, LLC and SMBC Nikko Securities America, Inc. serve as joint bookrunners for the offering.

CN operates a rail network spanning nearly 20,000 miles and transports more than 300 million tons of natural resources, manufactured products and finished goods throughout North America annually. The company connects Canada's eastern and western coasts with the U.S. Midwest and Gulf Coast.

The information is based on a company press release statement.

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