OREANDA-NEWS. CN (TSX: CNR) (NYSE: CNI) announced today a public debt offering of CAD 250 million 2.75% Notes due 2021. CN expects to close the offering on Feb. 18, 2014, subject to customary closing conditions.

CN plans to use the net proceeds from the offering for general corporate purposes, including the redemption and refinancing of outstanding indebtedness, and share repurchases.

The debt offering is being made under an effective shelf prospectus CN filed on Dec. 3, 2013. The joint book-running managers of the debt offering are BMO Capital Markets, RBC Capital Markets, Scotia Capital Inc., and TD Securities. The co-managers of the debt offering are Citigroup Global Markets Canada Inc., BNP Paribas (Canada) Securities Inc., Merrill Lynch Canada Inc., Wells Fargo Securities Canada, Desjardins Capital Markets, and HSBC Securities (Canada) Inc.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.