Canadian Pacific Kansas City (CP) extends 5 Year and 2 Year bank credit maturities

(Moderate)

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Canadian Pacific Kansas City Limited reported that its wholly owned subsidiary, Canadian Pacific Railway Company, entered into a Second Amending Agreement to its existing syndicated Credit Agreement. This amendment primarily extends the maturities of two key revolving credit facilities.

The 5 Year Maturity Date for the 5 Year Facility is extended from June 25, 2030 to June 25, 2031, while the 2 Year Maturity Date for the 2 Year Facility is extended from June 25, 2027 to June 25, 2028. Bank of Montreal remains the administrative agent, and various lenders continue as parties to the agreement.

Insights

CPKC is extending its bank credit maturities by one year.

The amendment pushes out the 5 Year Facility maturity to June 25, 2031 and the 2 Year Facility to June 25, 2028. This keeps the same bank group and structure in place under the existing Credit Agreement framework.

Extending committed bank lines helps maintain liquidity visibility over a longer horizon, especially for capital-intensive rail operations. Actual impact will depend on future borrowing levels and any additional terms in the full Second Amending Agreement, which is attached as Exhibit 10.1.

8-K Event Classification

2 items: 1.01, 9.01

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

5 Year Facility maturity: June 25, 2031 2 Year Facility maturity: June 25, 2028 Second Amending Agreement date: July 6, 2026 +1 more

4 metrics

5 Year Facility maturity June 25, 2031 Extended from June 25, 2030 under Second Amending Agreement

2 Year Facility maturity June 25, 2028 Extended from June 25, 2027 under Second Amending Agreement

Second Amending Agreement date July 6, 2026 Date of Second Amending Agreement among borrower, covenantor, agent and lenders

Original restated Credit Agreement date June 25, 2024 Third amended and restated Credit Agreement effective date referenced in filing

Key Terms

Credit Agreement, 5 Year Facility, 2 Year Facility, administrative agent, +1 more

5 terms

Credit Agreement financial

"which amends the third amended and restated credit agreement, dated as of June 25, 2024"

A credit agreement is a written loan contract between a borrower and a bank or other lender that lays out how much money can be borrowed, the interest rate, repayment schedule, fees, and the rules the borrower must follow. For investors, it matters because those terms affect a company’s cash costs, borrowing flexibility and risk of default — similar to how a mortgage’s rules determine a homeowner’s monthly budget and freedom to make changes.

5 Year Facility financial

"for the 5 Year Facility (as such term is defined in the Credit Agreement)"

2 Year Facility financial

"for the 2 Year Facility (as such term is defined in the Credit Agreement)"

administrative agent financial

"Bank of Montreal, as administrative agent, and the various lenders party thereto"

An administrative agent is a bank or financial firm appointed to handle the day-to-day paperwork and communication for a group of lenders on a loan or credit agreement, acting as the central point for collecting payments, distributing funds, monitoring covenants, and sharing information. For investors, the administrative agent matters because it influences how quickly lenders receive updates, how smoothly repayments and waivers are handled, and how effectively the lending group enforces terms — think of it as a property manager coordinating tasks for multiple owners.

Second Amending Agreement financial

"entered into a second amending agreement, dated as of July 6, 2026 (the “Second Amending Agreement”)"

FAQ

What did Canadian Pacific Kansas City Limited (CP) change in its credit agreement?

Canadian Pacific Kansas City Limited amended its existing Credit Agreement through a Second Amending Agreement, extending the maturities of its 5 Year Facility and 2 Year Facility by one year each, while keeping Bank of Montreal as administrative agent and existing lenders in place.

How did CP extend the 5 Year Facility under the amended Credit Agreement?

The 5 Year Facility’s maturity, defined as the 5 Year Maturity Date in the Credit Agreement, was extended from June 25, 2030 to June 25, 2031. This lengthens the time that committed bank financing is contractually available to Canadian Pacific Railway Company and its parent.

What is the new maturity date for CP’s 2 Year Facility?

The 2 Year Facility’s maturity, defined as the 2 Year Maturity Date, was extended from June 25, 2027 to June 25, 2028. This one-year extension maintains short-to-medium term committed liquidity for the company under its existing syndicated Credit Agreement structure.

Who are the main parties to Canadian Pacific Kansas City’s Second Amending Agreement?

The Second Amending Agreement is among Canadian Pacific Railway Company as borrower, Canadian Pacific Kansas City Limited as covenantor, Bank of Montreal as administrative agent, and various lenders that are party to the existing third amended and restated Credit Agreement, originally dated June 25, 2024.

Where can investors find the full details of CP’s Second Amending Agreement?

The full text of the Second Amending Agreement is filed as Exhibit 10.1. The company’s description in the report is expressly qualified by that exhibit, which contains the complete legal terms and conditions governing the amended Credit Agreement facilities.

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Understanding 8-K Material Events →

Available on EDGAR 07/08/2026 - 04:19 PM Accepted by SEC EDGAR 07/08/2026 - 04:19 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

July 8, 2026 (July 6, 2026)

Date of Report (Date of earliest event reported)

Canadian Pacific Kansas City Limited

(Exact name of registrant as specified in its charter)

Canada

001-01342

98-0355078

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

7550 Ogden Dale Road S.E., Calgary, Alberta,

Canada, T2C 4X9

(Address of principal executive offices) (Zip Code)

(403) 319-7000

Registrant’s telephone number, including area code

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Shares, without par value, of Canadian Pacific Kansas City Limited	CP	New York Stock Exchange
Common Shares, without par value, of Canadian Pacific Kansas City Limited	CP	Toronto Stock Exchange
Perpetual 4% Consolidated Debenture Stock of Canadian Pacific Railway Company	CP40	New York Stock Exchange
Perpetual 4% Consolidated Debenture Stock of Canadian Pacific Railway Company	BC87	London Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 1.01.

Entry into a Material Definitive Agreement.

On July 6, 2026, Canadian Pacific Railway Company (“CPRC”), a wholly owned subsidiary of Canadian Pacific Kansas City Limited (the “Company”), and the Company entered into a second amending agreement, dated as of July 6, 2026 (the “Second Amending Agreement”), which amends the third amended and restated credit agreement, dated as of June 25, 2024, among CPRC, as borrower, the Company, as covenantor, Bank of Montreal, as administrative agent, and the various lenders party thereto, as amended by the first amending agreement, dated as of August 20, 2025 (as amended, the “Credit Agreement”).

The Second Amending Agreement amends the Credit Agreement to provide for the extension of the 5 Year Maturity Date (as such term is defined in the Credit Agreement) from June 25, 2030 to June 25, 2031 for the 5 Year Facility (as such term is defined in the Credit Agreement) and the extension of the 2 Year Maturity Date (as such term is defined in the Credit Agreement) from June 25, 2027 to June 25, 2028 for the 2 Year Facility (as such term is defined in the Credit Agreement).

The foregoing description of the Second Amending Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Second Amending Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

ITEM 9.01.

Financial Statements and Exhibits.

(d) Exhibits


Exhibit No.		Exhibit Description

Exhibit 10.1		Second Amending Agreement, dated as of July 6, 2026, among Canadian Pacific Railway Company, as Borrower, Canadian Pacific Kansas City Limited, as Covenantor, Bank of Montreal, as Administrative Agent, and various Lenders party thereto.

Exhibit 104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: July 8, 2026


		CANADIAN PACIFIC KANSAS CITY LIMITED

		By:		/s/ Tyler Robinson
		Name:		Tyler Robinson
		Title:		General Counsel & Assistant Corporate Secretary

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

5 documents

Agreements & Contracts

EX-10.1 EX-10.1 53.2 KB

Canadian Pacific Kansas City (CP) extends 5 Year and 2 Year bank credit maturities

Rhea-AI Filing Summary

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