NORFOLK, Va. — Norfolk Southern Corp. announced that the early exchange date with respect to its private exchange offer for its outstanding 7.9 percent notes due 2097 has been extended until midnight on Oct. 14, which is also the expiration date of the Exchange Offer.
On or prior to5 p.m., on Sept. 29, the original early exchange date, valid tenders had been received with respect to approximately $97 million of the $350 million aggregate principal amount of Existing Notes outstanding based on information provided to Norfolk Southern Corp. by the exchange agent.
The withdrawal date relating to the Existing Notes occurred at 5 p.m., on Sept. 29.
Existing Notes previously tendered and Existing Notes tendered after Sept. 29, 2010, may not be withdrawn except in certain limited circumstances where additional withdrawal rights are required by law. Both the Exchange Offer and the extended early exchange date will expire at midnight on Oct. 14, 2010, unless extended or earlier terminated by Norfolk Southern Corporation.
Under the present terms of the Exchange Offer, Norfolk Southern Corporation will deliver, on or promptly following the expiration date, 5.3 percent notes due 2040 plus $350 in cash to holders whose tenders were accepted.