Canadian Pacific Kansas City Limited (NYSE:CP) raised $1.2 billion through two bond offerings, $600 million in 4.800% notes due 2030 and another $600 million in 5.200% notes due 2035. The deal closed on March 17, 2025, after meeting all customary conditions. CP used the proceeds to refinance existing debt and for general corporate purposes, with any remaining funds temporarily placed in short-term investments or bank deposits.