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Published on 6/27/2017 in the Prospect News Bank Loan Daily.

Canadian Pacific Railway extends $1 billion credit agreement to 2022

By Wendy Van Sickle

Columbus, Ohio, June 27 – Canadian Pacific Railway Ltd. extended the maturity of its $1 billion credit agreement dated Sept. 17, 2015 with Royal Bank of Canada as administrative agent to June 28, 2022 from June 28, 2021, according to an 8-K filing with the Securities and Exchange Commission.

The Friday amendment also extended the credit agreement’s term out date to June 28, 2018 from June 28, 2017.

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


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