Summary
This 8-K filing by Union Pacific Corporation (UNP) on April 18, 2007, details a significant financing transaction. The company entered into an Underwriting Agreement on April 13, 2007, for the sale of $500 million in debt securities. This includes $250 million in aggregate principal amount of 5.650% Notes due 2017 and $250 million in aggregate principal amount of 6.150% Debentures due 2037. This issuance was registered under the company's existing shelf registration statement, indicating a strategic move to access capital markets. Investors should note the specific interest rates and maturity dates for these new debt instruments, which will impact the company's leverage and future interest expense. The filing also includes supporting documentation such as the Underwriting Agreement and forms of the Notes and Debentures.
Key Highlights
- 1Union Pacific Corporation issued $250 million in 5.650% Notes due 2017.
- 2Union Pacific Corporation issued $250 million in 6.150% Debentures due 2037.
- 3Total aggregate principal amount of debt issued is $500 million.
- 4The debt issuance was conducted under an Underwriting Agreement dated April 13, 2007.
- 5The offering was registered under the company's shelf registration statement on Form S-3.
- 6Key underwriters involved include Citigroup Global Markets Inc., Credit Suisse (USA) LLC, and J.P. Morgan Securities Inc.