Paul, Weiss client Canadian Pacific Railway Company completed a public offering in the United States of $700 million of its 2.900% senior notes due 2025. The joint bookrunning managers were Morgan Stanley & Co. LLC, HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc., RBC Capital Markets, LLC and Wells Fargo Securities, LLC. Canadian Pacific Railway, which provides rail and intermodal transportation services, is based in Calgary, Alberta.

The Paul, Weiss team included corporate partner Andrew Foley and counsel Stephen Centa; environmental counsel William O’Brien; and tax partner David Sicular.