8-KMaterial AgreementsFinancial EventsExhibits & Filings

CSX CORP 8-K Report, Material Agreement (Oct 22, 2012)

Filed October 22, 2012For Securities:CSX

Summary

CSX Corporation (CSX) filed a Form 8-K on October 22, 2012, to report the entry into a material definitive agreement related to a public offering of debt securities. Specifically, on October 17, 2012, the company entered into an Underwriting Agreement for the issuance of $800 million aggregate principal amount of its 4.100% Notes due 2044. This offering allows CSX to raise substantial capital through the issuance of long-term debt. Investors interested in CSX's financial health and capital structure should note the details of this new debt issuance, including the coupon rate and maturity date, as these factors will impact the company's future interest expenses and leverage. The filing also includes relevant exhibits such as the underwriting agreement and the form of the notes.

Key Highlights

  • 1CSX Corporation entered into an Underwriting Agreement on October 17, 2012.
  • 2The agreement pertains to the public offering of $800 million in aggregate principal amount of 4.100% Notes due 2044.
  • 3The Notes were issued under an existing indenture, with various supplemental indentures referenced.
  • 4The offering was registered under the Securities Act of 1933 via a Form S-3ASR.
  • 5A Prospectus and Prospectus Supplement were filed on October 18, 2012, detailing the offering.
  • 6Key exhibits filed include the Underwriting Agreement, the form of the Notes, and legal opinions/consents.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report CSX Corporation's entry into a material definitive agreement, specifically the Underwriting Agreement for a public offering of new debt securities.

CSX issued $800 million in aggregate principal amount of 4.100% Notes due 2044.

These notes represent a new long-term debt obligation for CSX. The 4.100% interest rate will contribute to the company's future interest expenses, and the 2044 maturity indicates a long-term financing strategy. Investors should consider how this debt impacts CSX's leverage and overall financial structure.

Key documents filed as part of this report include the Underwriting Agreement, the form of the Notes, legal opinions from the company's counsel and internal counsel, and consents from these parties.