8-KOther EventsExhibits & Filings

UNION PACIFIC CORP 8-K Report, Corporate Update (Feb 14, 2022)

Filed February 14, 2022For Securities:UNP

Summary

Union Pacific Corporation (UNP) filed an 8-K on February 14, 2022, disclosing the issuance of a substantial amount of new debt. Specifically, the company entered into an Underwriting Agreement on February 9, 2022, for the sale of $3.5 billion in aggregate principal amount of senior notes. These notes are split across four tranches with varying maturities and coupon rates: $1.25 billion of 2.800% Notes due 2032, $500 million of 3.375% Notes due 2042, $1.25 billion of 3.500% Notes due 2053, and $500 million of 3.850% Notes due 2072. The offering was conducted under an existing shelf registration statement on Form S-3.

Key Highlights

  • 1Union Pacific Corp. successfully raised $3.5 billion in new debt financing.
  • 2The debt issuance consists of four separate tranches with maturities ranging from 2032 to 2072.
  • 3Coupon rates for the new notes range from 2.800% to 3.850%, reflecting different maturity periods.
  • 4The 2032 and 2053 notes represent the largest portions of the issuance, at $1.25 billion each.
  • 5This debt offering was made under an effective shelf registration statement on Form S-3.
  • 6The notes are governed by an Indenture dated April 1, 1999, with The Bank of New York Mellon Trust Company, N.A. as Trustee.
  • 7The filing includes the Underwriting Agreement and legal opinions regarding the issuance of the notes.

Frequently Asked Questions

Union Pacific Corporation issued an aggregate principal amount of $3,500,000,000 in new notes.

The company issued four types of notes: $1,250,000,000 of 2.800% Notes due 2032, $500,000,000 of 3.375% Notes due 2042, $1,250,000,000 of 3.500% Notes due 2053, and $500,000,000 of 3.850% Notes due 2072.

The 8-K filing does not explicitly state the purpose of the debt issuance. However, companies typically issue debt for general corporate purposes, capital expenditures, refinancing existing debt, or to fund strategic initiatives.

The notes were registered under the Securities Act of 1933, as amended, pursuant to Union Pacific's shelf registration on Form S-3 (File No. 333-252947).