We advised Canadian National Railway on the offering

Davis Polk advised Canadian National Railway Company (CN) on a registered public offering of $600 million aggregate principal amount of senior notes, consisting of $300 million aggregate principal amount of its 5.850% notes due 2033 and $300 million aggregate principal amount of its 6.125% notes due 2053. The notes were offered under the Multijurisdictional Disclosure System for U.S. and Canadian issuers adopted by the SEC.

CN transports more than 300 million tons of natural resources, manufactured products and finished goods throughout North America every year. CN’s network connects Canada’s eastern and western coasts with the U.S. South through an 18,600-mile rail network.

The Davis Polk corporate team included partner John B. Meade, counsel Alain Kuyumjian and associates Chad Howard and Frank Zhang. The tax team included partner Mario J. Verdolini and associate Ted Lee. Counsel Leon E. Salkin provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.