Summary
Union Pacific Corporation (UNP) has filed an 8-K report detailing its recent debt offering. On September 7, 2021, the company entered into an underwriting agreement to issue and sell $1.0 billion in aggregate principal amount of its notes. This offering includes $150 million of 2.375% Notes due 2031 and $850 million of 2.950% Notes due 2052. The issuance was registered under a previously established shelf registration statement on Form S-3.
Key Highlights
- 1Union Pacific Corp. raised $1.0 billion through a debt offering.
- 2The offering consists of $150 million in 2.375% Notes due 2031.
- 3The offering also includes $850 million in 2.950% Notes due 2052.
- 4The notes were issued under an existing shelf registration statement (Form S-3).
- 5The Underwriting Agreement was executed on September 7, 2021.
- 6Major investment banks including Barclays Capital Inc., Citigroup Global Markets Inc., U.S. Bancorp Investments, LLC, and Wells Fargo Securities, LLC acted as underwriters.
- 7The filing includes relevant exhibits such as the Underwriting Agreement, forms of the notes, and a legal opinion.