Paul, Weiss client Canadian Pacific Railway Company completed a
public offering in the United States of $700 million of its 2.900%
senior notes due 2025. The joint bookrunning managers were Morgan
Stanley & Co. LLC, HSBC Securities (USA) Inc., J.P. Morgan
Securities LLC, Merrill Lynch, Pierce, Fenner & Smith
Incorporated, Citigroup Global Markets Inc., RBC Capital Markets,
LLC and Wells Fargo Securities, LLC.