Capital Markets

The Underwriters in Canadian Pacific Railway Company’s US$8.45 billion note offering

The Underwriters
Team
Kelsey Armstrong

Partner, Corporate, Calgary

Justin Sherman

Partner, Corporate, Calgary

David Davachi

Partner, Tax, Toronto

Emily Gilmour

Associate, Tax, Toronto

 

On December 2, 2021, Canadian Pacific Railway Company completed its US$8.45 billion offering of notes in Canada and the US. The proceeds from the offering will be used to fund the acquisition of Kansas City Southern, a US Class 1 railroad based in Kansas City, Missouri, and will create the first U.S. – Mexico – Canada rail network. 

Canadian Pacific Railway Company is a transcontinental railway in Canada and the United States with direct links to major ports on the west and east coasts.

Osler, Hoskin & Harcourt LLP acted as Canadian counsel to the underwriters for both the Canadian and US offerings with a team led by Daniel Kolibar and consisted of Justin Sherman, Kelsey Armstrong, Carson Wetter, Lindsay Hofer, Bhavish Beejan (Corporate), Dana Saric (Financial Services), David Davachi and Emily Gilmour (Tax).

Value
US$8.45 billion
Date Closed
December 2, 2021
Lead Office
Calgary
Team
Kelsey Armstrong

Partner, Corporate, Calgary

Justin Sherman

Partner, Corporate, Calgary

David Davachi

Partner, Tax, Toronto

Emily Gilmour

Associate, Tax, Toronto