JACKSONVILLE, Fla. — CSX Corp. announced the commencement of private offers to exchange certain of its outstanding debt securities for a new series of 6.220 percent notes due 2040 and cash.
The Exchange Offers are being conducted upon the terms and subject to the conditions set forth in the offering memorandum dated February 22, 2010 and the related letter of transmittal. The Exchange Offers are only made, and copies of the offering documents will only be made available, to a holder of the Existing Notes who has certified its status as a “qualified institutional buyer” as defined in Rule 144A under the Securities Act of 1933 or a person who is not a “U.S. person” as defined under Regulation S under the Securities Act.
CSX is offering to Eligible Holders of its 7.450 percent notes due 2038, 7.950 percent debentures due 2027 and 8.625 percent debentures due 2022, the opportunity to exchange any and all of their First Priority Existing Notes for New Notes and cash.