OREANDA-NEWS. Canadian Pacific Railway Limited announces that its wholly-owned subsidiary, Canadian Pacific Railway Company, is issuing:
- USD 250 million of 3.700% Notes due 2026
- USD 550 million of 4.800% Notes due 2045

The transaction is expected to close on August 3, 2015, subject to customary closing conditions.

The offering is being made in the United States under Canadian Pacific Railway Company's base shelf prospectus dated July 11, 2013 and prospectus supplement dated July 29, 2015. The net proceeds from this offering will be used for general corporate purposes, including reducing short term indebtedness, which indebtedness was used to fund capital investments and share repurchases under our normal course issuer bid.

The joint book-running managers of the debt offering are Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets, LLC and Wells Fargo Securities, LLC.