Shearman And Sterling

News May 03, 2018

Kansas City Southern’s $500 Million Notes Offering

Shearman & Sterling represented J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC, as lead joint book-running managers, in connection with an offering by Kansas City Southern (“KCS”) of $500 million of its 4.700% senior notes due 2048. KCS intends to use the net proceeds from the offering to repay its outstanding commercial paper, to refinance a locomotive lease and certain equipment loans and for general corporate purposes.

KCS is a Delaware transportation holding company with domestic and international rail operations in North America that are strategically focused on the growing north/south freight corridor connecting key commercial and industrial markets in the central United States with major industrial cities in Mexico.

The Team