18:44:48 EDT Thu 16 May 2024
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Canadian Pacific Kansas City Ltd
Symbol CP
Shares Issued 931,653,127
Close 2023-10-18 C$ 97.26
Market Cap C$ 90,612,583,132
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Canadian Pacific, KC Current sign naming rights deal

2023-10-19 12:48 ET - News Release

Mr. Keith Creel reports

KANSAS CITY CURRENT AND CPKC ANNOUNCE HISTORIC STADIUM NAMING RIGHTS AGREEMENT

The Kansas City Current and Canadian Pacific Kansas City Ltd. have noted that the first stadium for a women's professional sports team built in the world will officially now be known as CPKC Stadium.

The historic 10-year naming rights agreement is a continuation of CPKC's long-established legacy of investing in women's professional sports and a groundbreaking commitment to the Kansas City community.

Canadian Pacific Kansas, which has its U.S. corporate headquarters in Kansas City, was created with the combination of two historic railways -- Canadian Pacific (CP) and Kansas City Southern (KCS). The two companies combined on April 14, 2023, to form the first truly North American rail network connecting Canada, the United States and Mexico.

"As we embarked on finding the perfect naming rights partner, it was always about finding an organization where our values and vision align. CPKC is that partner," said KC Current co-founders and owners Angie and Chris Long. "Our organizations share a commitment to strive for excellence, invest heavily in our communities and raise the bar with global influence. We are extremely excited to work with CPKC on this historic agreement and know our partnership will create long-standing positive impact!"

"We are incredibly proud to sponsor the Kansas City Current and support this history-making project here in the city that is at the heart of our North American rail network," said Keith Creel, Canadian Pacific Kansas president and chief executive officer. "CPKC has been a long-time champion of women's sports and of investing in our communities. This stadium and this partnership with the Current will build on that legacy as together we write a new chapter here in Kansas City."

In addition to naming rights for CPKC Stadium, the outdoor gathering space at the entrance to the stadium will be called CPKC Plaza. The plaza will provide space to gather before stadium events which include KC Current matches, other sporting events, concerts etc. CPKC Plaza will also house the permanent location of the Kansas City Current team store.

Canadian Pacific Kansas will also be involved in the Current's community initiatives. In 2023, Canadian Pacific Kansas is helping to renovate the STEM Lab at East High School, a Title I school and the biggest high school in Kansas City, just four miles from the new stadium. More than 40 languages are spoken at East, representing students from 42 countries, and making it one of the most diverse schools in the metro area.

CPKC Stadium will have a focus on inclusivity and sustainability, providing an entertaining and modern atmosphere for fans that develops a passion and loyalty for KC Current and the stadium.

About Canadian Pacific Kansas City Ltd.

With its global headquarters in Calgary, Alta., Canada, Canadian Pacific Kansas is the first and only single-line transnational railway linking Canada, the United States and Mexico, with unrivalled access to major ports from Vancouver to Atlantic Canada to the Gulf of Mexico to Lazaro Cardenas, Mexico. Stretching approximately 20,000 route miles and employing 20,000 railroaders, Canadian Pacific Kansas provides North American customers unparalleled rail service and network reach to key markets across the continent. Canadian Pacific Kansas is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise.

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