Norfolk Southern entered into an Amended and Restated Credit Agreement on January 26, 2024, establishing a 5-year unsecured revolving credit facility of $800 million. The company said it can borrow under the facility to refinance the Existing Revolving Credit Agreement, to pay related fees, commissions and expenses, and for general corporate purposes.

1. 01

   Norfolk Southern entered into an Amended and Restated Credit Agreement on January 26, 2024, establishing a 5-year unsecured revolving credit facility of $800 million. The company said it can borrow under the facility to refinance the Existing Revolving Credit Agreement, to pay related fees, commissions and expenses, and for general corporate purposes.

2. 02

   The company said it established a 364-day unsecured delayed draw term loan facility of $1,000 million through its Term Loan Credit Agreement, and that it can borrow under the facility for general corporate purposes.

3. 03

   The company said the new revolving credit agreement, dated as of March 27, 2020, amends and restates its existing $800 million revolving credit facility and includes a swingline loan subfacility of up to $100 million.

4. 04

   The company said interest rates under both credit agreements depend on its election of either Base Rate or Adjusted Term SOFR. The agreements include a financial covenant tied to the company's leverage ratio, and the company said no direct financial obligations had arisen under them as of the filing date.

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Original filing

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