Summary
CSX Corporation, through its subsidiary CSX Transportation, Inc., announced a significant financing event on October 21, 2008. The company entered into an Underwriting Agreement for the public offering of $350,538,000 in aggregate principal amount of 8.375% Secured Equipment Notes due 2014. These notes are secured by specific equipment assets and were issued under an existing indenture, supplemented by a Second Supplemental Indenture dated October 24, 2008. This offering represents a key capital markets transaction for CSX, aimed at securing long-term debt financing. The details of the notes, the underwriting agreement, and the indenture are publicly disclosed. Investors should note the interest rate and maturity date, as well as the secured nature of these notes, which are backed by company equipment. The filing provides transparency into CSX's debt structure and its efforts to manage its capital needs.
Key Highlights
- 1CSX Transportation, Inc. issued $350,538,000 in aggregate principal amount of 8.375% Secured Equipment Notes due 2014.
- 2The issuance was conducted through a public offering underwritten by Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, and J.P. Morgan Securities Inc.
- 3The 2014 Notes are secured by specific equipment assets and are governed by an Indenture, as supplemented by a Second Supplemental Indenture dated October 24, 2008.
- 4The filing confirms the creation of a direct financial obligation for CSX.
- 5The notes were registered under the Securities Act of 1933 and became effective on December 10, 2007.
- 6The event was triggered by an Underwriting Agreement dated October 21, 2008.
- 7The filing includes the Underwriting Agreement and the Second Supplemental Indenture as exhibits.