CN Completes Tender Offer And Consent Solicitation For 6.37% Notes

Canadian National Railway Company's subsidiary purchased approximately $303 million principal amount, or 76 per cent, of CN's outstanding 6.375 per cent notes due 2011 pursuant to a tender offer which was launched on September 13, 2011.

The tender offer also included a consent solicitation relating to certain amendments to the indenture governing the notes purchased pursuant to the tender offer.

Canadian National Railway Company's team was led by Executive Vice President Corporate Services and Chief Legal Officer, Sean Finn, by Deputy Corporate Secretary and General Counsel, Cristina Circelli, and by Counsel, Mathieu Lamothe, and was represented in Canada by Stikeman Elliott LLP with a team that included Jean Marc Huot, Benoît Dubord, Dominique Perron (securities) and Marie-Andrée Beaudry and Nicolas Désy (tax); and in the United States by Sidley Austin LLP with a team that included Edward Ricchiuto, Norman Slonaker, Matthew Altshuler (securities) and Jay Zimbler, Robert Kreitman and Michael Witmer (tax).

Paul, Weiss, Rifkind, Wharton & Garrison LLP represented Citigroup Global Markets Inc. who acted as dealer man-ager and solicitation agent, with a team that included Christopher Cummings and Tim Phillips (securities) and David Mayo and Samuel Duncan (tax).