AI English summary of an SEC filing — figures as filed
CSX CSXCSX said it entered into an Underwriting Agreement on September 16, 2024 and will offer $550,000,000 aggregate principal amount of its 4.900% Notes due 2055 to the public.
Key points
AI summaryCSX said it entered into an Underwriting Agreement on September 16, 2024 and will offer $550,000,000 aggregate principal amount of its 4.900% Notes due 2055 to the public.
The company said it agreed to sell the Notes to the Underwriters, with Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and UBS Securities LLC acting as representatives of the Underwriters, and that the Underwriters agreed to buy the Notes for resale to the public.
CSX said the Notes offering was made under Form S-3ASR (Registration No. 333-262788) that became effective on February 16, 2022, and that it filed a Prospectus Supplement on September 16, 2024 under Rule 424(b)(2).
The company said it expects the Notes offering to close on September 18, 2024, subject to customary closing conditions. The Underwriting Agreement includes customary representations, warranties and covenants by the company, as well as customary indemnification by each of the company and the Underwriters.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
$550,000,000 4.900% Notes Due 2055 Offering
CSX said it entered into an Underwriting Agreement on September 16, 2024 and will offer $550,000,000 aggregate principal amount of its 4.900% Notes due 2055 to the public.
Source · Based on the filing body and exhibits
Underwriting Agreement Counterparties and Sale Structure
The company said it agreed to sell the Notes to the Underwriters, with Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and UBS Securities LLC acting as representatives of the Underwriters, and that the Underwriters agreed to buy the Notes for resale to the public.
Source · Based on the filing body and exhibits
Form S-3ASR and Rule 424(b)(2) Filing Details
CSX said the Notes offering was made under Form S-3ASR (Registration No. 333-262788) that became effective on February 16, 2022, and that it filed a Prospectus Supplement on September 16, 2024 under Rule 424(b)(2).
Source · Based on the filing body and exhibits
Expected Closing Date and Agreement Terms for Notes Offering
The company said it expects the Notes offering to close on September 18, 2024, subject to customary closing conditions. The Underwriting Agreement includes customary representations, warranties and covenants by the company, as well as customary indemnification by each of the company and the Underwriters.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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