Norfolk Southern Corporation Announces Issuance of $400 Million Senior Notes

Details

The Offering is expected to close on or about May 2, 2025, and the net proceeds from the sale, approximately $395.75 million after deducting underwriting discounts and expenses, will be used for general corporate purposes. The Underwriting Agreement was entered into with BofA Securities, Inc., SMBC Nikko Securities America, Inc., and Wells Fargo Securities, LLC.

Items reported

Exhibits (1)

About Norfolk Southern Corporation

Norfolk Southern Corporation is a Class I railroad company that plays a vital role in the U.S. transportation sector. Its primary function is to provide freight transportation services across a comprehensive network that spans the eastern United States. The company's expansive rail system facilitates the efficient movement of raw materials, intermediate products, and finished goods, thus supporting key industries such as agriculture, automotive, chemicals, coal, and intermodal traffic. Norfolk Southern's operations are integral to supply chains and the overall economy, as they help transport essential products swiftly over long distances. With a focus on safety, sustainability, and technological enhancements, the company strives to improve operational efficiency and reduce its environmental footprint. Norfolk Southern's services are critical to logistics and transportation, significantly impacting regional and national market dynamics by enabling competitive pricing and timely delivery. Its strategic rail connections and robust infrastructure underscore its importance in the rail transportation industry.