---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-140350"
form_type: "8-K"
ticker: "NSC"
cik: "0000702165"
company_name: "NORFOLK SOUTHERN CORP"
filed_at: "2026-04-02T23:59:59+00:00"
generated_at: "2026-05-15T07:54:23.562521+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Norfolk Southern renews HQ lease for 5 years, $498.7M aggregate; reclassifies as finance lease

## Summary
- Renewed lease for headquarters at 650 West Peachtree Street, Atlanta, for a 5-year term starting April 1, 2026.
- Aggregate lease amount of approximately $498.7 million at floating interest rate (Term SOFR plus margin).
- Lease reclassified from operating to finance lease for financial reporting purposes.
- Norfolk Southern Corporation guarantees subsidiary's obligations under the lease.
- BAL (BA Leasing BSC, LLC) now sole counterparty; previous bank interests transferred.

## SEC filing metadata
- accession: 0001193125-26-140350
- form_type: 8-K
- ticker: NSC
- cik: 0000702165
- company_name: NORFOLK SOUTHERN CORP
- filed_at: 2026-04-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/702165/000119312526140350/0001193125-26-140350-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/702165/000119312526140350/nsc-20260402.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-140350
- JSON: https://secwatch.observer/filing/0001193125-26-140350.json
- Plain text: https://secwatch.observer/filing/0001193125-26-140350.txt

## Key facts
- Material Agreements
  NORFOLK SOUTHERN CORP amended Amended and Restated Participation Agreement with BA Leasing BSC, LLC valued at approximately $498.7 million (effective 2026-04-01).
  - Action: amendment
  - Agreement: lease
  - Counterparty: BA Leasing BSC, LLC
  - Value: approximately $498.7 million
  - Effective: 2026-04-01
  source text: On April 1, 2026 (the “Closing Date”), Norfolk Southern Corporation (the “Company”), through its wholly-owned freight railroad subsidiary Norfolk Southern Railway Company (“NSRC”), entered into certain amended and restated agreements to renew the lease of its corporate headquarters building located at 650 West Peachtree Street NW, Atlanta, Georgia (the “Building”) for an additional five-year term.
  evidence_url: https://www.sec.gov/Archives/edgar/data/702165/000119312526140350/0001193125-26-140350-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.