Canadian National Railway Company (TSX:CNR) will look for acquisitions. The company announced a public debt offering of USD 1.5 billion comprised of USD 800 million 3.85% notes due 2032 and USD 700 million 4.40% Notes due 2052. The company expects to close the offering on August 5, 2022, subject to customary closing conditions.

The company plans to use the net proceeds from the offering for general corporate purposes, including the redemption and refinancing of outstanding indebtedness, share repurchases, acquisitions and other business opportunities.