Summary
CSX Corporation has announced the pricing of a public offering for $600,000,000 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.
Key Highlights
- 1CSX Corporation is raising $600 million through the issuance of 5.050% Notes due 2035.
- 2The offering is being made under an existing shelf registration statement.
- 3The notes are being sold to a syndicate of underwriters, including major financial institutions.
- 4The offering is expected to close on March 10, 2025.
- 5The underwriting agreement contains customary representations, warranties, covenants, and indemnification clauses.
- 6This filing constitutes a material definitive agreement under Item 1.01 of Form 8-K.