Summary
CSX Corporation (CSX) filed an 8-K on September 21, 2006, reporting on the public offering of $400 million aggregate principal amount of 6.000% Notes due 2036. This offering, which closed on or around September 15, 2006, was conducted under an existing shelf registration statement. The company entered into an Underwriting Agreement with Credit Suisse Securities (USA) LLC and UBS Securities LLC as underwriters for this debt issuance. This action indicates CSX Corporation's proactive management of its capital structure and debt obligations. The issuance of long-term debt suggests the company is securing funding for its operations, potential investments, or refinancing existing debt. Investors should note the coupon rate of 6.000% and the 30-year maturity of these notes as key terms.
Key Highlights
- 1CSX Corporation issued $400 million in 6.000% Notes due 2036.
- 2The offering was a public offering of aggregate principal amount of notes.
- 3The Underwriting Agreement was made with Credit Suisse Securities (USA) LLC and UBS Securities LLC.
- 4The Notes were issued under a Registration Statement on Form S-3ASR, declared effective on February 27, 2006.
- 5A Prospectus and Prospectus Supplement were filed with the SEC on September 18, 2006.
- 6The filing also includes supporting documents such as the Action of Authorized Pricing Officers, form of Note, and legal opinions.
- 7The company reported its calculation of the Ratio of Earnings to Fixed Charges.