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.

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 associate Ferrell Maguire Keel. Partner Michael Farber provided tax advice. All members of the Davis Polk team are based in the New York office.