CSX enters into new $1.2B five-year revolving credit facility, replaces prior facility

CSX CORP

New $1.2B five-year senior unsecured revolving credit agreement entered Feb 28, 2023.
Prior $1.2B credit agreement terminated same day; no borrowings outstanding under either.
JPMorgan Chase Bank as administrative agent; syndication agents include Bank of America, Barclays, etc.
Facility includes customary representations, warranties, and financial covenant (debt-to-total capitalization ≤ 65%).
No borrowings outstanding under new facility as of March 3, 2023 filing date.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CSX CORP terminated Prior Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent and the lenders party thereto valued at $1.2 billion (effective 2023-02-28).

Action: termination
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent and the lenders party thereto
Value: $1.2 billion
Effective: 2023-02-28

Exact text from the filing

Effective February 28, 2023, CSX terminated its $1.2 billion senior unsecured revolving credit agreement, dated as of March 29, 2019, among CSX as borrower, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent, as amended (the “Prior Credit Agreement”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CSX CORP entered into Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent and the lenders party thereto valued at $1.2 billion (effective 2023-02-28).

Action: entry
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent and the lenders party thereto
Value: $1.2 billion
Effective: 2023-02-28

Exact text from the filing

On February 28, 2023, CSX Corporation (“CSX”) entered into a new $1.2 billion five-year senior unsecured revolving credit agreement (the “Credit Agreement”) by and among CSX, as borrower, the lenders party thereto (the “Lenders”), and JPMorgan Chase Bank, N.A., as administrative agent.

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Source: SEC EDGAR

accession 0000950103-23-003669

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