Nachrichten July 28, 2022

CSX Corporation’s $2 Billion Notes Offering

Shearman & Sterling represented the underwriters led by Barclays Capital, BofA Securities, Citigroup Global Markets, Morgan Stanley and UBS Securities in connection with CSX Corporation’s (CSX) public offering of $950 million of its 4.100% Notes due 2032, $900 million of its 4.500% Notes due 2052 and an additional $150 million of its existing 4.650% Notes due 2068.

CSX Corporation is one of the nation’s leading transportation companies. The company provides rail-based freight transportation services including traditional rail service, the transport of intermodal containers and trailers, as well as other transportation services such as rail-to-truck transfers and bulk commodity operations. The net proceeds from the sale of the notes will be used for general corporate purposes, which may include debt repayments, repurchases of CSX’s common stock, capital investment and working capital requirements.

The Shearman & Sterling team below was supported by associate Jordan Briggs (New York-Financial Institutions Advisory & Financial Regulatory).

The Team