CN Announces US$750 Million Debt Offering

Canadian National Railway Company (CN) has announced a public debt offering totaling US$750 million, which includes US$300 million in 4.350% Notes due 2029 and US$450 million in 4.950% Notes due 2036. The offering is expected to close on May 12, 2026, contingent upon the fulfillment of customary closing conditions.

The proceeds from this debt offering will be utilized for general corporate purposes, including the repayment of commercial paper. The 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. are serving as the joint bookrunners for the offering.

The announcement also included a reminder that the release does not constitute an offer to sell or a solicitation of offers to buy any securities, and no sales will occur in any jurisdiction where such offers would be illegal prior to registration under local securities laws.

Founded in 1919, CN operates a nearly 20,000-mile rail network that facilitates the transportation of over 300 million tons of natural resources, products, and finished goods across North America each year. The company emphasizes its role in sustainable trade and the economic prosperity of the communities in which it operates.