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CSX intends to sell tranche of fixed-rate notes due 2033
Chicago, Sept. 5 – CSX Corp. is marketing fixed-rate notes due 2033, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will first be callable with a make-whole premium until the par call option at a certain point.
Barclays, BofA Securities, Inc., Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC are the joint bookrunners.
Bank of New York Mellon Trust Co., NA will be the trustee.
CSX is using Hunton Andrews Kurth LLP and Davis Polk & Wardwell LLP for legal matters. Shearman & Sterling LLP is advising the underwriters.
Proceeds will be used for general corporate purposes, which may include debt repayments, repurchases of common stock, capital investment and working capital requirements.
Based in Jacksonville, Fla., CSX provides rail-based transportation services.
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