Canadian National Railway Company $650 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 (“CN”) of $650 million aggregate principal amount of its 4.450% notes due 2049. CN offered the notes under the Multijurisdictional Disclosure System for United States and Canadian issuers adopted by the SEC.

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 and associates Roderick G. Miller and Virginia J. Clarke. Partner Mario J. Verdolini and associate Tomislava Dragicevic provided tax advice. Members of the Davis Polk team are based in the New York and London offices.