US$600M Canadian National Railway Company Financing

Canadian National Railway Company (CN) completed the issuance, on September 26, 2001, of an initial US$600 million aggregate principal amount of notes under its September 6, 2001, US$1 billion debt shelf prospectus.

CN’s team was led by Sean Finn and Brigitte Catellier, with assistance from Jean Marc Huot and Benoît Dubord of Stikeman Elliott’s Montreal office; and Winthrop Conrad, Jr., Robert Villasenor and Marc Chambers of Davis Polk & Wardwell.

The offering was co-managed by Merrill Lynch & Co., Inc. and Salomon Smith Barney Inc. and included BMO Nesbitt Burns, Inc., JPMorgan, Banc of America Securities LLC, Banc One Capital Markets, Inc. and Fleet Securities, Inc. Sullivan & Cromwell acted for the underwriters with a team that included Robert Buckholz, Jr., Sven Milelli and George Eapen.

Lawyer(s)

Winthrop B. Conrad, Jr. George J. Eapen Benoît C. Dubord Robert Buckholz, Jr. Jean Marc Huot Sven O. Milelli