Skip to content
AnalystLens

CSX CORP 8-K Report, Financial Obligation (Dec 10, 2020)

Reports
Financial Events·Other Events·Exhibits & Filings
Filing Date
Filed December 10, 2020
Period End
December 10, 2020
Security
CSX
In the record · 2016–202610-K1110-Q328-K137

CSX filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 137 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · May ’17May ’17
  2. Leadership change8-K · Feb ’20Feb ’20
  3. Material agreement8-K · Jul ’22Jul ’22
  4. Leadership change8-K · May ’26May ’26

01—Abstract

Summary

Summary of the 8-K filed December 10, 2020. Cited figures are marked; the original filing is the authoritative source.

CSX Corporation (CSX) has filed an 8-K report detailing the completion of a public offering of $500 milliona in 2.500% Notes due 2051.

This issuance represents a significant debt financing event for the company, aimed at bolstering its capital structure. The notes were issued under an existing indenture, with a Tenth Supplemental Indenture executed specifically for this offering. Investors should note the long-term nature of these notes, with a maturity of 2051, and the fixed coupon rate of 2.500%b.

02—Key points

Key Highlights

  1. Completion of a $500 million public offering of 2.500% Notes due 2051.
  2. The notes were issued on December 10, 2020.
  3. This issuance constitutes a direct financial obligation of CSX Corporation.
  4. The offering was conducted under the company's effective shelf registration statement on Form S-3ASR.
  5. A Tenth Supplemental Indenture was executed specifically for this note issuance.
  6. The notes bear a fixed interest rate of 2.500%.

03—Questions

Frequently Asked Questions

  1. What was the primary purpose of this 8-K filing?

    The primary purpose of this 8-K filing was to announce and provide details regarding CSX Corporation's completion of a public offering of $500 million in 2.500% Notes due 2051.

  2. What is the maturity date and interest rate of the newly issued notes?

    The newly issued notes have a maturity date of 2051 and carry a fixed coupon interest rate of 2.500% per annum.

  3. How does this debt issuance affect CSX's financial obligations?

    This issuance creates a direct financial obligation for CSX Corporation, adding $500 million in long-term debt to its balance sheet. This new debt is governed by an existing indenture, with a specific Tenth Supplemental Indenture executed for this transaction.

  4. Where can investors find more detailed information about the debt offering?

    More detailed information can be found in the exhibits filed with this 8-K report, including the Tenth Supplemental Indenture, the form of the notes, and opinions from legal counsel. The company also filed a Prospectus Supplement dated December 1, 2020, with the SEC pertaining to this offering.

04—Continue

← View all 8-K filings