Summary
CSX Corporation (CSX) filed a Form 8-K on March 6, 2002, reporting on the public offering of $400,000,000 aggregate principal amount of its 6.30% Notes due 2012. The offering, structured through an Underwriting Agreement with Salomon Smith Barney Inc. as representative, was made under a registration statement previously declared effective on May 17, 2001. This filing indicates a significant capital raise activity by CSX, likely to fund operations, strategic initiatives, or refinance existing debt. Investors should note that the filing also includes exhibits such as the Underwriting Agreement, legal opinions on the validity of the notes, and the computation of the ratio of earnings to fixed charges. These documents provide important details about the terms of the debt issuance and the company's financial capacity to service its obligations. The company's proactive approach to accessing capital markets suggests a focus on maintaining financial flexibility and supporting its long-term growth objectives.
Key Highlights
- 1CSX Corporation is issuing $400 million in 6.30% Notes due 2012.
- 2The offering is being conducted through a public offering under an Underwriting Agreement with Salomon Smith Barney Inc.
- 3The Notes are registered under the Securities Act of 1933, with a registration statement declared effective on May 17, 2001.
- 4The filing includes key exhibits such as the Underwriting Agreement and legal opinions on the notes' validity.
- 5A computation of the Ratio of Earnings to Fixed Charges is provided, offering insight into the company's debt servicing ability.
- 6The event date for the Underwriting Agreement was March 5, 2002.