CSX Corporation Announces $600M Notes Offering

Details

The offering was made pursuant to the Company's shelf registration statement on Form S-3ASR, which became effective on February 27, 2025. The Underwriting Agreement was entered into with Barclays Capital Inc., BofA Securities, Inc., Mizuho Securities USA LLC, and Morgan Stanley & Co. LLC. The closing of the offering is expected on March 10, 2025, subject to customary conditions.

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Exhibits (1)

About CSX Corp

CSX Corp is a leading transportation company in the United States that primarily operates in the rail sector. Its core function is to provide rail transportation services, which are crucial for the efficient movement of goods across the eastern half of the country. CSX Corp's network includes about 20,000 miles of track, intermodal terminals, and various related facilities, facilitating the transport of diverse commodities such as coal, chemicals, automobiles, and agricultural products. With its strategic positioning, CSX plays a pivotal role in supply chain logistics, impacting sectors ranging from manufacturing to agriculture. The company's services not only enhance connectivity between major ports and marketplaces but also support the broader economic infrastructure by enabling efficient cargo transfers. As rail freight remains a cost-effective and energy-efficient transportation mode, CSX's operations are vital for reducing transportation costs and emissions in comparison to road transport. Additionally, CSX Corp contributes significantly to economic development by improving the reach and scale of goods distribution, thus supporting infrastructure growth within the regions it serves.