CN Announces $1.5 Billion Debt Offer

CN Announces $1.5 Billion Debt Offer

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MONTREAL, Aug. 02, 2022 (GLOBE NEWSWIRE) — CN CNR CRF today announced a $1.5 billion public debt offering consisting of $800 million of 3.85% Notes due 2032 and $700 million of 4.40% Notes due 2052. CN expects to close the offering on August 5, 2022, subject to customary closing conditions.

CN plans to use the net proceeds from the offering for general corporate purposes, including the repayment and refinancing of outstanding debt, share repurchases, acquisitions and other business opportunities.

The Debt Offering is being conducted in the United States under an effective shelf registration statement dated May 4, 2022. The joint accountants of the Debt Offering are: BofA Securities, Inc., Citigroup Global Markets Inc., Wells Fargo Securities, LLC, JP Morgan Securities LLC, RBC Capital Markets, LLC, Scotia Capital (USA) Inc. and TD Securities (USA) LLC . The senior co-managers of the Debt Offering are: BNP Paribas Securities Corp. and US Bancorp Investments, Inc. The co-managers of the Debt Offering are: BMO Capital Markets Corp., CIBC World Markets Corp., Desjardins Securities Inc., and SMBC Nikko Securities America, Inc.

A copy of the prospectus supplement and the accompanying prospectus for the offering may be obtained from: BofA Securities, Inc., 200 North College Street NC1-004-03-43, Charlotte NC 28255-0001, Attention: Prospectus Department, Toll Free : 1-800-294 -1322, email: dg.prospectus_requests@bofa.com; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 Attention: Prospectus Department, toll-free: 1-800-831-9146, email: prospectus@citi.com; or Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, at ex. Attn: WFS Customer Service, Toll Free: 1-800-645-3751, Email: wfscustomerservice@wellsfargo.com.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor will it constitute any…



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