Summary
CSX Corporation has filed an 8-K report detailing a significant financing transaction. On January 14, 2009, the company entered into an Underwriting Agreement for the public offering of $500 million in aggregate principal amount of its 7.375% Notes due 2019. These notes were issued under an existing indenture, with the offering registered under the Securities Act of 1933 and further detailed in a prospectus supplement filed on January 15, 2009. This issuance represents a material debt financing for CSX Corporation. Investors should note the coupon rate of 7.375% and the maturity date of 2019, which will impact the company's future interest expenses and debt structure. The filing also includes the underwriting agreement and the form of the notes as exhibits, providing further details on the terms of this offering.
Key Highlights
- 1CSX Corporation issued $500 million in 7.375% Notes due 2019.
- 2The issuance was conducted through a public offering under an Underwriting Agreement.
- 3The notes are governed by an existing indenture, supplemented by recent actions.
- 4The offering was registered under the Securities Act of 1933.
- 5A prospectus supplement detailing the offering was filed with the SEC on January 15, 2009.
- 6The filing includes the Underwriting Agreement and the form of the 2019 Notes as exhibits.