CALGARY, Nov. 29, 2011 /CNW/ - Canadian Pacific Railway Limited
(TSX:CP)(NYSE: CP) announced that its wholly-owned subsidiary, Canadian
Pacific Railway Company, is issuing:
• CDN $125 million of 5.10% Notes due January 14, 2022
The transaction is expected to close on December 2, 2011.
The offering is being made in Canada under the base shelf prospectus
dated June 29, 2011 which allows for offerings of up to CDN $1.5
billion of medium term notes. The net proceeds from this offering will
be used for a voluntary prepayment in 2011 to CP's Canadian defined
benefit pension plans.
About Canadian Pacific
Canadian Pacific (TSX:CP)(NYSE: CP) operates a North American
transcontinental railway providing freight transportation services,
logistics solutions and supply chain expertise. Incorporating
best-in-class technology and environmental practices, CP is re-defining
itself as a modern 21st century transportation company built on safety,
service reliability and operational efficiency. Visit cpr.ca and see
how Canadian Pacific is Driving the Digital Railway.
SOURCE Canadian Pacific
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