Canadian Pacific Kansas City Limited
Canadian Pacific Kansas City Limited Enters into $500 Million Credit Agreement
Summary
On February 6, 2025, Canadian Pacific Kansas City Limited (the 'Corporation') and Canadian Pacific Railway Company (CPRC) entered into a Credit Agreement with Bank of Montreal, providing CPRC with $500 million in unsecured term loans. The Corporation has guaranteed the loans, which have an initial six-month maturity and bear interest at a base rate or SOFR plus a margin. On October 22, 2024, the Corporation's Board of Directors adopted Amended and Restated By-law No. 2, which includes changes to the process for shareholder nominations for the Board.
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Exhibits (2)
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About Canadian Pacific Kansas City Limited
Canadian Pacific Kansas City Limited is a prominent player in the rail transportation industry, primarily engaged in providing freight services across the Canadian and U.S. markets. It operates a robust railroad network that is essential for the efficient movement of goods, playing a critical role in connecting major economic regions in North America. This network facilitates the transportation of diverse commodities, including agricultural products, energy resources, automotive parts, and various industrial goods. By linking critical economic hubs, Canadian Pacific Kansas City Limited not only boosts trade efficiency but also supports vital supply chains in key sectors such as manufacturing, agriculture, and natural resources. Founded through the merger of Canadian Pacific Railway Ltd and Kansas City Southern, this company represents a significant strategic effort to enhance cross-border trade between Canada, the United States, and Mexico. Its strategic importance is highlighted by its capacity to offer comprehensive logistics solutions, fostering economic interconnectivity and supporting regional commerce across the continent.
Official SEC Documents
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