Summary
CSX Corporation (CSX) filed an 8-K on March 26, 2008, to report a material definitive agreement regarding the public offering of debt securities. Specifically, the company entered into an Underwriting Agreement on March 24, 2008, to issue $600 million in 6.250% Notes due 2015 and $400 million in 7.450% Notes due 2038. This issuance represents a significant increase in the company's long-term debt obligations.
Key Highlights
- 1CSX Corporation entered into an Underwriting Agreement on March 24, 2008.
- 2The company plans to issue $600 million aggregate principal amount of 6.250% Notes due 2015.
- 3Additionally, CSX will issue $400 million aggregate principal amount of 7.450% Notes due 2038.
- 4The total aggregate principal amount of the debt offering is $1 billion.
- 5The Notes were issued pursuant to an existing Indenture dated August 1, 1990, as supplemented by several prior indentures.
- 6The offering was registered under the Securities Act of 1933, with a prospectus supplement filed on March 25, 2008.