NORFOLK SOUTHERN CORP (NSC): debt financing — Norfolk Southern borrows $100M under receivables facility, total $200M outstanding

NORFOLK SOUTHERN CORP

Borrowed $100M under $400M receivables securitization facility on Feb 17, 2023.
Total borrowings under facility now $200M; $200M remains available for draw.
Proceeds to increase cash position and preserve financial flexibility.

item 2.03 item 7.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NORFOLK SOUTHERN CORP incurred credit facility of $100 million at Daily Simple SOFR.

Instrument: credit facility
Principal: $100 million
Rate: Daily Simple SOFR
Event: incurrence

Exact text from the filing

On February 14, 2023, TFI provided notice to the lenders under the Facility of its request to borrow $100 million as of February 17, 2023 (the "Investment Date"), which will bring its aggregate borrowings under the Facility to $200 million

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Source: SEC EDGAR

accession 0001552781-23-000051

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