USA financial news

CN publicizes US$1.5 billion debt providing

MONTREAL, Aug. 02, 2022 (GLOBE NEWSWIRE) — CN (TSX: CNR) (NYSE: CNI) immediately introduced a public debt providing of US$1.5 billion comprised of US$800 million 3.85% Notes due 2032 and US$700 million 4.40% Notes due 2052. CN expects to shut the providing on August 5, 2022, topic to customary closing situations.

CN plans to make use of the web proceeds from the providing for normal company functions, together with the redemption and refinancing of excellent indebtedness, share repurchases, acquisitions and different enterprise alternatives.

The debt providing is being made in the US below an efficient shelf registration assertion dated Might 4, 2022. The joint book-running managers of the debt providing are: BofA Securities, Inc., Citigroup International Markets Inc., Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, RBC Capital Markets, LLC, Scotia Capital (USA) Inc. and TD Securities (USA) LLC.   The senior co-managers of the debt providing are: BNP Paribas Securities Corp. and U.S. Bancorp Investments, Inc. The co-managers of the debt providing are: BMO Capital Markets Corp., CIBC World Markets Corp., Desjardins Securities Inc., and SMBC Nikko Securities America, Inc.

A replica of the prospectus complement and the accompanying prospectus for the providing could also be obtained by contacting: BofA Securities, Inc., 200 North School Avenue NC1-004-03-43, Charlotte NC 28255-0001, Consideration: Prospectus Division, toll free: 1-800-294-1322, e-mail: dg.prospectus_requests@bofa.com; Citigroup International Markets Inc., c/o Broadridge Monetary Options, 1155 Lengthy Island Avenue, Edgewood, NY 11717, Consideration: Prospectus Division, toll free: 1-800-831-9146, e-mail: prospectus@citi.com; or Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Consideration: WFS Buyer Service, toll free: 1-800-645-3751, e-mail: wfscustomerservice@wellsfargo.com.

This information launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase any securities, nor will there be any sale of those securities, in any jurisdiction by which such provide, solicitation or sale can be illegal previous to registration or qualification below the securities legal guidelines of any such jurisdiction.

Ahead-Wanting Statements

Sure statements included on this information launch represent “forward-looking statements” inside the which means of the US Personal Securities Litigation Reform Act of 1995 and below Canadian securities legal guidelines, together with statements regarding the timing and completion of the proposed debt providing, which is topic to customary termination rights and shutting situations. By their nature, forward-looking statements contain dangers, uncertainties and assumptions. The Firm cautions that its assumptions might not materialize and that present financial situations render such assumptions, though cheap on the time they have been made, topic to better uncertainty. Ahead-looking statements could also be recognized by way of terminology corresponding to “believes,” “expects,” “anticipates,” “assumes,” “outlook,” “plans,” “targets,” or different comparable phrases.

Ahead-looking statements will not be ensures of future efficiency and contain dangers, uncertainties and different components which can trigger precise outcomes, efficiency or achievements of CN to be materially completely different from the outlook or any future outcomes, efficiency or achievements implied by such statements. Accordingly, readers are suggested to not place undue reliance on forward-looking statements. Essential threat components that would have an effect on the forward-looking statements on this information launch embody, however will not be restricted to, normal financial and enterprise situations, together with components impacting international provide chains corresponding to pandemics and geopolitical conflicts and tensions; trade competitors; inflation, forex and rate of interest fluctuations; modifications in gas costs; legislative and/or regulatory developments; compliance with environmental legal guidelines and laws; actions by regulators; will increase in upkeep and working prices; safety threats; reliance on know-how and associated cybersecurity threat; commerce restrictions or different modifications to worldwide commerce preparations; transportation of hazardous supplies; numerous occasions which might disrupt operations, together with unlawful blockades of rail networks, and pure occasions corresponding to extreme climate, droughts, fires, floods and earthquakes; local weather change; labor negotiations and disruptions; environmental claims; uncertainties of investigations, proceedings or different forms of claims and litigation; dangers and liabilities arising from derailments; timing and completion of capital packages; and different dangers detailed occasionally in reviews filed by CN with securities regulators in Canada and the US. Reference must also be made to Administration’s Dialogue and Evaluation (MD&A) in CN’s annual and interim reviews, Annual Data Kind and Kind 40-F, filed with Canadian and U.S. securities regulators and obtainable on CN’s web site, for an outline of main threat components regarding CN.

Ahead-looking statements replicate info as of the date on which they’re made. CN assumes no obligation to replace or revise forward-looking statements to replicate future occasions, modifications in circumstances, or modifications in beliefs, except required by relevant securities legal guidelines. Within the occasion CN does replace any forward-looking assertion, no inference must be made that CN will make extra updates with respect to that assertion, associated issues, or another forward-looking assertion.

Contacts:

Media Funding Neighborhood
Jonathan Abecassis Paul Butcher
Senior Supervisor Vice-President
Media Relations Investor Relations
438-455-3692 (514) 399-0052
media@cn.ca investor.relations@cn.ca  

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