Shearman And Sterling

News March 21, 2019

CSX Corporation’s $1 Billion Notes Offering

Shearman & Sterling represented the underwriters led by Credit Suisse Securities (USA) LLC, J.P. Morgan Securities and Morgan in connection with CSX Corporation’s public offering of an additional $600 million of its existing 4.250% notes due 2029 and $400 million of its 4.500% notes due 2049. The proceeds of the offering will be used for general corporate purposes, which may include repurchases of CSX’s common stock, capital investment, working capital requirements, improvements in productivity and other cost reductions at CSX’s major transportation units.

CSX Corporation is one of the nation’s leading transportation companies. The company provides 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 Team