Profitelligence Profitelligence · Filing Ledger Open NSC research →

Form 8-K · Current Report · Filed 2024-01-26

Norfolk Southern Enters into New Credit Agreements

Norfolk Southern Corporation has entered into an Amended and Restated Credit Agreement establishing a 5-year, $800 million unsecured revolving credit facility and a Term Loan Credit Agreement establishing a 364-day, $1,000 million unsecured delayed draw term loan facility.

Filer
Norfolk Southern Corporation NSC · NYSE
Filed
Accession
0001552781-24-000023
CIK
0000702165
Signal
Medium impactIndustrials

Details

Both agreements provide borrowing capacity for general corporate purposes and have not yet resulted in any direct financial obligations. The exhibits attached include the new credit agreements.

Items reported

Item 1.01

Entry into a Material Definitive Agreement

Financial Instrument Agreement
Item 2.03

Creation of a Direct Financial Obligation

Credit Facility Entered Term Loan Entered
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$237.85

Next session

+0.2%

Since filing

+41.0%

Latest close

$335.48

What happened, not what will happen — closing prices around the filing date.

Exhibits (2)

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.

Exchange NYSE Industry Railroads Company website ↗

Never miss another NSC filing

Profitelligence watches EDGAR around the clock and alerts you within seconds.

Set up free alerts