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CN

May 31, 2006 09:06 ET

CN arranges new accounts receivable securitization program

MONTREAL, QUEBEC--(CCNMatthews - May 31, 2006) - CN announced today that it has entered into a five-year accounts receivable securitization program, of up to a maximum of C$600 million, with RBC Capital Markets. The new program replaces CN's current receivables securitization program that was set to expire in the second quarter of 2006.

Canadian National Railway Company spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico, serving the ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the key cities of Toronto, Buffalo, Chicago, Detroit, Duluth, Minn./Superior, Wis., Green Bay, Wis., Minneapolis/St. Paul, Memphis, St. Louis, and Jackson, Miss., with connections to all points in North America.

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Contact Information

  • CN
    Mark Hallman (Media)
    System Director, Media Relations
    (905) 669-3384
    or
    CN
    Robert Noorigian (Investment Community)
    Vice-President, Investor Relations
    (514) 399-0052