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Stock impact report

Norfolk Southern announces private exchange offers

Norfolk Southern Corporation (NSC) 
Last norfolk southern corporation earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: PR Newswire
NORFOLK, Va., April 30, 2020 /PRNewswire/ -- Norfolk Southern Corporation (the "Company") (NYSE: NSC) announced today the commencement of offers to certain eligible holders (together, the "Exchange Offers") of the Company's outstanding debt securities listed in the table below (together, the "Existing Notes") to exchange Existing Notes for consideration consisting of cash and up to $800,000,000 aggregate principal amount of the Company's new Notes due 2055 (the "New Notes"), the complete terms of which are set forth in a confidential offering memorandum, dated today (the "Offering Memorandum"), and the related letter of transmittal, dated today (together with the Offering Memorandum, the "Offering Documents").The table below indicates each series of Existing Notes included in the Exchange Offers:CusipNumbersTitle ofSecurity(collectively, the "ExistingNotes")PrincipalAmountOutstandingAcceptancePriorityLevel(1)ReferenceU.S.TreasuryBloombergReferencePageFixed Spread(bps)Cash Payment Perc Show less Read more
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