debt
confidence high
sentiment neutral
materiality 0.60
NORFOLK SOUTHERN CORP (NSC): debt financing — Norfolk Southern issues $500M of 4.450% Senior Notes due 2033
NORFOLK SOUTHERN CORP
- $500M aggregate principal at 4.450% per annum, maturing 2033.
- Interest payable semi-annually in arrears.
- Redemption at par if on/after three months before maturity; otherwise at greater of par or discounted remaining payments.
- Underwritten by Citigroup, Goldman Sachs, and U.S. Bancorp Investments.
- Notes issued under shelf registration; use of proceeds not specified but typical for general corporate purposes.