8-KOther EventsExhibits & Filings

UNION PACIFIC CORP 8-K Report, Corporate Update (Jun 11, 2012)

Filed June 11, 2012For Securities:UNP

Summary

Union Pacific Corporation (UNP) filed an 8-K on June 11, 2012, to report on the issuance of new debt. On June 6, 2012, the company entered into an Underwriting Agreement to sell a total of $600 million in aggregate principal amount of notes. This issuance comprises $300 million of 2.950% Notes due 2023 and $300 million of 4.300% Notes due 2042. The offering was made under a previously established shelf registration statement (Form S-3) and is governed by an Indenture dated April 1, 1999. The key underwriter representatives involved in this transaction were Barclays Capital Inc., Credit Suisse Securities (USA) LLC, and Morgan Stanley & Co. LLC. This filing provides transparency regarding the company's capital raising activities and debt structure.

Key Highlights

  • 1Union Pacific Corporation issued $600 million in new debt.
  • 2The debt issuance consists of two tranches: $300 million in 2.950% Notes due 2023 and $300 million in 4.300% Notes due 2042.
  • 3The notes were sold through an Underwriting Agreement dated June 6, 2012.
  • 4The offering was conducted under a previously filed shelf registration statement (Form S-3).
  • 5Key underwriters included Barclays Capital Inc., Credit Suisse Securities (USA) LLC, and Morgan Stanley & Co. LLC.
  • 6The filing confirms the legality of the notes through an opinion from the company's Associate General Counsel.
  • 7This debt issuance represents a strategic capital management decision by Union Pacific.

Frequently Asked Questions

The primary purpose of this 8-K filing was to formally report on Union Pacific Corporation's recent debt issuance, specifically the sale of $600 million in aggregate principal amount of notes.

Union Pacific issued $300,000,000 in aggregate principal amount of 2.950% Notes due 2023 and $300,000,000 in aggregate principal amount of 4.300% Notes due 2042.

This debt issuance provides Union Pacific with additional capital, which could be used for various corporate purposes such as funding operations, capital expenditures, acquisitions, or refinancing existing debt. Investors should review the company's subsequent financial reports to understand how these funds are utilized and their impact on leverage and interest expense.

The underwriting syndicate was led by Barclays Capital Inc., Credit Suisse Securities (USA) LLC, and Morgan Stanley & Co. LLC, acting as representatives of the several underwriters.