Canadian Pacific Railway Completes $500 Million Debt Offering

Paul, Weiss advised Canadian Pacific Railway, a North American Class I railway with operations in Canada and the United States, in a U.S. public offering of $500 million of 2.050% notes due 2030. The joint book-running managers of the offering were Barclays Capital Inc., Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC, BofA Securities, Inc. and Wells Fargo Securities, LLC.

The Paul, Weiss team serving as CP’s U.S. counsel included corporate partner Andrew Foley and counsel Stephen Centa; and tax partner David Sicular.