Summary
CSX Corporation filed an 8-K on April 20, 2015, reporting on the entry into a material definitive agreement. Specifically, on April 16, 2015, the company entered into an Underwriting Agreement to publicly offer $600 million in aggregate principal amount of 3.950% Notes due 2050. These notes were issued under an existing indenture and were registered under the Securities Act of 1933. The filing also includes the prospectus and prospectus supplement related to this offering, as well as various exhibits such as the underwriting agreement, forms of notes, legal opinions, and a computation of the ratio of earnings to fixed charges. This issuance represents a significant debt financing event for CSX.
Key Highlights
- 1CSX Corporation entered into an Underwriting Agreement on April 16, 2015.
- 2The company is undertaking a public offering of $600 million aggregate principal amount of 3.950% Notes due 2050.
- 3The Notes are being issued under an existing indenture with The Bank of New York Mellon Trust Company, N.A. as trustee.
- 4The offering is registered under the Securities Act of 1933.
- 5The filing includes the prospectus and prospectus supplement related to the note offering.
- 6Key exhibits include the underwriting agreement, form of notes, and legal opinions from counsel and company officers.
- 7A computation of the ratio of earnings to fixed charges is also provided.