Canadian National Railway Company $900 Million Notes Offering

Davis Polk advised the joint book-running managers and representatives of the underwriters on a registered public offering by Canadian National Railway Company of $300 million aggregate principal amount of its 2.400% notes due 2020 and its $600 million aggregate principal amount of its 3.650% notes due 2048.

CN offered the notes under the Multijurisdictional Disclosure System for U.S. and Canadian issuers adopted by the SEC.

The joint book-running managers of the debt offering are: Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBC Capital Markets, LLC. The senior co-managers of the debt offering are BNP Paribas Securities Corp. and Wells Fargo Securities, LLC. The co-managers of the debt offering are BMO Capital Markets Corp., HSBC Securities (USA) Inc., MUFG Securities Americas Inc., Scotia Capital (USA) Inc., SMBC Nikko Securities America Inc., TD Securities (USA) LLC and US Bancorp Investments, Inc.

Based in Montréal, Québec, CN transports more than C$250 billion worth of goods annually for a wide range of business sectors, ranging from resource products to manufactured products to consumer goods, across a rail network spanning Canada and mid-America, with port connections to various points in North America.

The Davis Polk corporate team included partner John B. Meade (Picture) and associate Ferrell Maguire Keel. Partner Michael Farber provided tax advice.

Involved fees earner: John Meade – Davis Polk & Wardwell; Ferrell Maguire Keel – Davis Polk & Wardwell; Michael Farber – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Citigroup Global Markets Ltd; Merrill Lynch, Pierce, Fenner & Smith Incorporated; RBC Capital Markets;


Author: Ambrogio Visconti