8-KMaterial AgreementsFinancial EventsExhibits & Filings

CSX CORP 8-K Report, Material Agreement (Nov 1, 2011)

Filed November 1, 2011For Securities:CSX

Summary

CSX Corporation (CSX) filed an 8-K report on October 31, 2011, disclosing the public offering of $600 million in 4.750% Notes due 2042. This offering was made under a previously effective registration statement and aims to raise capital through the issuance of long-term debt. The company entered into an Underwriting Agreement with Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC as representatives for the underwriters. The issuance of these notes constitutes a direct financial obligation for CSX. Investors should note this is a debt financing activity, which could impact the company's leverage and financial structure.

Key Highlights

  • 1CSX Corporation announced the public offering of $600,000,000 aggregate principal amount of 4.750% Notes due 2042.
  • 2The offering was conducted under a Registration Statement on Form S-3ASR that became effective on February 19, 2010.
  • 3An Underwriting Agreement was executed on October 27, 2011, with Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC acting as underwriters.
  • 4The issuance of these notes represents a material definitive agreement and a direct financial obligation for CSX.
  • 5The notes were issued pursuant to an existing indenture, supplemented by several supplemental indentures and an Action of Authorized Pricing Officers.
  • 6The filing includes various exhibits such as the Underwriting Agreement, form of Notes, legal opinions, and computation of the ratio of earnings to fixed charges.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report CSX Corporation's entry into a material definitive agreement regarding the public offering of $600 million in 4.750% Notes due 2042.

CSX is issuing $600,000,000 in aggregate principal amount of notes with a fixed interest rate of 4.750% and a maturity date in 2042.

The underwriters for this offering are Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC, acting as representatives for the named underwriters.

Yes, the issuance of these notes constitutes a direct financial obligation for CSX Corporation, increasing its long-term debt.