Written by: Stuart Chirls, Senior Editor CN on July 27 announced a public debt offering of C$500 million ($401 million) 3.6% Notes due 2047. The Montreal-based company said it expects to close the offering on Aug. 1, 2017, subject to customary closing conditions. CN plans to use the net proceeds from the offering for general corporate purposes, including the redemption and refinancing of outstanding indebtedness, and share repurchases. The debt offering is being made in Canada under CN's base shelf prospectus dated Jan. 5, 2016. Continue reading...
