Summary
Union Pacific Corporation (UNP) filed an 8-K on October 30, 2007, reporting the entry into a material definitive agreement for the sale of $500 million in aggregate principal amount of 5.75% Notes due 2017. This offering was registered under the Securities Act of 1933 via the company's shelf registration statement. The issuance of these notes represents a new debt obligation for Union Pacific, adding to its capital structure. Investors should note the terms of the underwriting agreement and the specific coupon rate and maturity date of these newly issued notes, as they will impact the company's future interest expenses and debt profile.
Key Highlights
- 1Union Pacific Corporation entered into an Underwriting Agreement on October 25, 2007.
- 2The company agreed to sell $500,000,000 in aggregate principal amount of 5.75% Notes due 2017.
- 3The offering of these Notes was registered under the Securities Act of 1933 using a shelf registration statement.
- 4The Notes are governed by an Indenture dated April 1, 1999, with The Bank of New York as successor trustee.
- 5The filing includes the Underwriting Agreement, the form of the Note, and a legal opinion regarding the Notes.
- 6This action represents the creation of a direct financial obligation for Union Pacific.