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CSX CORP 8-K Report, Material Agreement (Mar 7, 2025)

Reports
Material Agreements·Exhibits & Filings
Filing Date
Filed March 7, 2025
Period End
March 6, 2025
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 · Feb ’18Feb ’18
  2. Leadership change8-K · Jul ’20Jul ’20
  3. Material agreement8-K · Jul ’22Jul ’22
  4. Leadership change8-K · May ’26May ’26

01—Abstract

Summary

Summary of the 8-K filed March 7, 2025. Cited figures are marked; the original filing is the authoritative source.

CSX Corporation has announced the pricing of a public offering for $600,000,000a aggregate principal amount of its 5.050% Notes due 2035.

This offering is being conducted under a shelf registration statement that became effective on February 27, 2025, and the notes are being sold to a group of underwriters led by Barclays Capital Inc., BofA Securities, Inc., Mizuho Securities USA LLC, and Morgan Stanley & Co. LLC. The company expects the transaction to close on March 10, 2025.

This debt issuance provides CSX with capital, the specific use of which is not detailed in this filing but is typical for funding ongoing operations, capital expenditures, or other strategic initiatives. Investors should note the terms of the underwriting agreement, which include standard representations, warranties, covenants, and indemnification provisions for both the company and the underwriters.

02—Key points

Key Highlights

  1. CSX Corporation is raising $600 million through the issuance of 5.050% Notes due 2035.
  2. The offering is being made under an existing shelf registration statement.
  3. The notes are being sold to a syndicate of underwriters, including major financial institutions.
  4. The offering is expected to close on March 10, 2025.
  5. The underwriting agreement contains customary representations, warranties, covenants, and indemnification clauses.
  6. This filing constitutes a material definitive agreement under Item 1.01 of Form 8-K.

03—Questions

Frequently Asked Questions

  1. What is the purpose of this debt offering?

    While this specific filing does not detail the exact use of proceeds, companies typically issue debt to fund capital expenditures, acquisitions, refinance existing debt, or for general corporate purposes.

  2. What are the key terms of the new notes?

    The notes have an aggregate principal amount of $600,000,000 and carry a fixed interest rate of 5.050% per annum. They are due in 2035.

  3. Who are the lead underwriters for this offering?

    The lead underwriters are Barclays Capital Inc., BofA Securities, Inc., Mizuho Securities USA LLC, and Morgan Stanley & Co. LLC, acting as representatives for the group of underwriters.

  4. When is the expected closing date for this offering?

    The offering is anticipated to close on March 10, 2025, subject to standard closing conditions.

04—Continue

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