CN Files Preliminary Prospectus for Sale of Pass Through Certificates in the United States for Financing of 115 Locomotives.MONTREAL--(BUSINESS WIRE)--Nov. 14, 1997-- (ME:CNR See riser card. CNR - Communication and Network Riser .) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CNR.) (NYSE NYSE See: New York Stock Exchange :CNI (1) (Certified NetWare Instructor) See Novell certification. (2) (Coalition for Networked Information, Washington, DC, www.cni.org) A partnership of the Association of Research Libraries, CAUSE and EDUCOM, founded in 1990. ) Canadian National today filed a preliminary prospectus Preliminary Prospectus A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders with the Quebec Securities Commission in Canada and the Securities and Exchange Commission in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. for the issuance and sale of pass through certificates to finance the acquisition of 115 new high-horsepower locomotives. The principal amount of the financing will be approximately US$ 129.6 million. The certificates will be sold in the United States. Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. Dean Witter will act as lead manager of the underwriting group, with Goldman, Sachs & Co. as co-manager. This financing is expected to be completed by the end of November 1997. Eighty of the locomotives are being manufactured from General Electric Transportation Systems of Erie, Pa., and 35 by the Diesel Division of General Motors of Canada Limited. This acquisition is part of CN's plan to replace older locomotives with new high-productivity units. Canadian National Railway Company Canadian National Railway Company (NYSE: CNI, TSX: CNR) is a Canadian rail transportation company that operates the Canadian National Railway. It was created in December, 1918 as a Crown corporation of the Government of Canada to nationalize several bankrupt rail systems is Canada's largest and North America's sixth-largest freight railway, based on 1996 revenue of $4.0 billion. It serves all of Canada, including the key ports of Vancouver, Montreal and Halifax, and the gateways of Chicago and Detroit, with connections to all points in North America. A copy of the preliminary prospectus may be obtained in the United States from Morgan Stanley Dean Witter or Goldman, Sachs & Co. A preliminary prospectus has been filed with the Quebec Securities Commission and a registration statement relating to the securities to be offered has been filed with the United States Securities and Exchange Commission but has not become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of any offer to buy nor shall 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. The securities to be offered have not and will not be qualified for sale under the securities laws of any such jurisdiction. The securities to be offered have not and will not be qualified for sale under the securities laws of any province or territory of Canada. The securities are not being offered for sale and may not be offered or sold, directly or indirectly, in Canada. CONTACT: Canadian National Railway Company Mark Hallman (Media), 416/217-2390 or Canadian National Railway Company Robert Noorigian (Investment community), 514/399-0052 |
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