What are the key terms of the new debt offering?

CSX is offering $200 million in aggregate principal amount of 4.875% Notes with a maturity date in 2009. The interest rate on these notes is fixed at 4.875% per annum.

Where can investors find more detailed information about this offering?

More detailed information can be found in the filed exhibits, including the Underwriting Agreement, the form of the Note, the Prospectus dated March 20, 2002, and the Prospectus Supplement dated October 29, 2002, which were filed with the SEC.

Does this filing indicate CSX's financial health or future plans?

This filing primarily indicates CSX's need to raise capital, likely for general corporate purposes, debt refinancing, or strategic investments. While the issuance of debt itself doesn't directly assess financial health, the specific terms and the company's ability to service this debt (as potentially indicated by the Ratio of Earnings to Fixed Charges) are crucial for investors to evaluate.

CSX 8-K SEC Disclosure — Oct 30, 2002

Q: What is the primary purpose of this 8-K filing for CSX Corporation?

The primary purpose of this 8-K filing is to report a material event: CSX Corporation's entry into an Underwriting Agreement for the public offering of $200 million of its 4.875% Notes due 2009. This signifies a debt financing activity by the company.

Summary

CSX Corporation (CSX) has filed a Current Report on Form 8-K detailing a significant financing event. On October 29, 2002, the company entered into an Underwriting Agreement for the public offering of $200 million in aggregate principal amount of 4.875% Notes due 2009. This offering, registered under a Form S-3, indicates CSX's strategic move to raise capital through the issuance of long-term debt. The filing also includes various exhibits related to this offering, such as the Underwriting Agreement itself, the form of the Note, an opinion on the validity of the Notes from McGuire Woods LLP, and a calculation of the ratio of earnings to fixed charges. This event is primarily an "Other Event" under the 8-K, signifying a material development for the company's financial structure and liquidity. Investors should note the specific coupon rate and maturity date of these notes, as they will impact future interest expenses and the company's debt profile.

Key Highlights

1CSX Corporation is issuing $200 million in aggregate principal amount of 4.875% Notes due 2009.
2The notes are being offered to the public through an Underwriting Agreement with Salomon Smith Barney Inc. as the representative.
3This is a debt financing event, intended to raise capital for the company.
4The notes were registered under a Form S-3, which was declared effective on March 20, 2002.
5A Prospectus and Prospectus Supplement related to the offering were filed on October 30, 2002.
6Legal opinions regarding the validity of the notes have been obtained from McGuire Woods LLP.
7The filing includes the calculation of CSX's Ratio of Earnings to Fixed Charges, a key financial metric.

CSX CORP 8-K Report (Oct 30, 2002)

Summary

Key Highlights

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