Summary
CSX Corporation (CSX) announced on November 12, 2003, that it entered into an Underwriting Agreement for a public offering of $400 million in aggregate principal amount of debt securities. This offering consists of $200 million of 5.30% Notes due 2014 and $200 million of 2.75% Notes due 2006. The notes are being issued under an existing indenture and have been registered with the SEC. This debt issuance provides CSX with significant capital. Investors should note that this is a debt financing rather than an equity offering, which can impact the company's leverage and interest expense. The filing also includes the prospectus and prospectus supplement related to this offering, along with supporting legal opinions and financial calculations.
Key Highlights
- 1CSX Corporation is issuing $400 million in aggregate principal amount of new debt securities.
- 2The offering includes $200 million of 5.30% Notes due 2014.
- 3The offering also includes $200 million of 2.75% Notes due 2006.
- 4The debt issuance was facilitated through an Underwriting Agreement with Citigroup Global Markets Inc. and Credit Suisse First Boston LLC.
- 5The notes are registered under the Securities Act of 1933 and were declared effective by the SEC on March 11, 2003.
- 6The company filed a prospectus and prospectus supplement on November 14, 2003, related to this offering.
- 7Key exhibits filed include the underwriting agreement, forms of the notes, legal opinions, and calculation of earnings to fixed charges ratio.