Summary
CSX Corporation has announced the completion of a public offering of $300 million in aggregate principal amount of 5.050% Notes due 2035. This issuance represents a "tacked on" or "further" issuance, meaning these new notes will be fungible with and form a single series with the previously issued $600 million of the same notes from March 10, 2025. The offering was made under the company's effective shelf registration statement filed earlier in 2025 and was completed on October 19, 2025, with the filing made on October 22, 2025. This action primarily concerns the company's debt structure and its ability to raise capital. Investors should note that this issuance increases CSX's total outstanding debt under this specific note series to $900 million. The stated interest rate of 5.050% is consistent with the prior issuance, indicating no change in borrowing cost for this tranche. The company's CFO, Sean R. Pelkey, signed off on this report, underscoring the financial nature of this disclosure.
Key Highlights
- 1CSX Corporation completed a public offering of $300 million in 5.050% Notes due 2035.
- 2These notes are a further issuance and will be fungible with previously issued 5.050% Notes due 2035.
- 3The total principal amount of the 5.050% Notes due 2035 outstanding is now $900 million ($600 million initially + $300 million issuance).
- 4The offering was conducted under CSX's shelf registration statement (Form S-3ASR) effective February 27, 2025.
- 5The event date for the offering completion was October 19, 2025, with the filing on October 22, 2025.
- 6The issuance is structured under an existing indenture with multiple supplemental indentures.
- 7The filing includes legal opinions and consents related to the note issuance.