Canadian Pacific Kansas City Limited (CPKC) announced that its subsidiary, Canadian Pacific Railway Company, will issue $600 million in 4.800% Notes due 2030 and $600 million in 5.200% Notes due 2035, guaranteed by CPKC. The closing is expected on March 17, 2025, pending customary conditions. Proceeds will mainly refinance existing debt and support general corporate purposes. The offering includes participation from various financial institutions and is made under an effective shelf registration statement with the SEC. Sales are restricted in Canada and certain jurisdictions.