8-KMaterial AgreementsFinancial EventsExhibits & Filings

UNION PACIFIC CORP 8-K Report, Material Agreement (Feb 5, 2008)

Filed February 5, 2008For Securities:UNP

Summary

Union Pacific Corporation (UNP) announced on January 31, 2008, the execution of an Underwriting Agreement for the issuance and sale of $750 million in aggregate principal amount of 5.700% Notes due 2018. This action is part of the company's established shelf registration on Form S-3, indicating a strategic move to secure long-term financing. Investors should note that this filing primarily concerns a debt offering. The details of the offering, including the specific terms of the notes and the underwriters involved, are provided. The proceeds from this offering are not explicitly stated for a particular use in this 8-K, but such issuances typically support general corporate purposes, capital expenditures, or debt refinancing.

Key Highlights

  • 1Union Pacific Corporation entered into an Underwriting Agreement on January 31, 2008.
  • 2The company is issuing $750,000,000 in aggregate principal amount of 5.700% Notes due 2018.
  • 3The notes are being offered under a previously established shelf registration statement on Form S-3.
  • 4The offering is being underwritten by a syndicate of reputable financial institutions, including Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, and J.P. Morgan Securities Inc.
  • 5This debt issuance represents a material definitive agreement as defined by Item 1.01 of Form 8-K.
  • 6The filing includes relevant exhibits such as the Underwriting Agreement, the form of the note, and legal opinions regarding the issuance.

Frequently Asked Questions

This 8-K filing serves to announce Union Pacific Corporation's entry into a material definitive agreement, specifically an Underwriting Agreement for the sale of $750 million of its 5.700% Notes due 2018. It also fulfills the requirement to report on the creation of a direct financial obligation.

The notes have an aggregate principal amount of $750,000,000 and carry a fixed interest rate of 5.700%. They are due in 2018.

The issuance is conducted under a previously filed shelf registration statement (Form S-3), which allows the company to efficiently access capital markets for debt offerings. This suggests a strategic approach to managing its capital structure and potentially funding ongoing operations, capital investments, or refinancing existing debt.

The underwriters for this offering include Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, and J.P. Morgan Securities Inc., acting as Representatives of the several underwriters.