Canadian Pacific Railway extends $1 billion credit agreement to 2023

By Tali Rackner

Minneapolis, June 11 – Canadian Pacific Railway Co. extended the maturity of its $1 billion credit agreement dated Sept. 26, 2014 with Royal Bank of Canada as administrative agent to June 28, 2023 from June 28, 2022, according to an 8-K filing with the Securities and Exchange Commission.

The Friday amendment did not extend the credit agreement’s June 27, 2018 term out date.

Canadian Pacific is a transcontinental railway based in Calgary, Alta.

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