---
schema_version: "secwatch.filing_event.v1"
accession: "0001552781-23-000461"
form_type: "8-K"
ticker: "NSC"
cik: "0000702165"
company_name: "NORFOLK SOUTHERN CORP"
filed_at: "2023-11-21T23:59:59+00:00"
generated_at: "2026-06-07T23:01:33.678331+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Norfolk Southern issues $1B in senior notes: $400M 5.55% due 2034, $600M 5.95% due 2064

## Summary
- Issued $400M of 5.550% Senior Notes due 2034 and $600M of 5.950% Senior Notes due 2064 at 99.985% and 99.721% of par, respectively.
- Estimated net proceeds of ~$988.56M after underwriting discount and expenses; proceeds for general corporate purposes.
- Underwriting agreement with Citigroup, Goldman Sachs, and U.S. Bancorp as representatives; closing expected November 22, 2023.

## SEC filing metadata
- accession: 0001552781-23-000461
- form_type: 8-K
- ticker: NSC
- cik: 0000702165
- company_name: NORFOLK SOUTHERN CORP
- filed_at: 2023-11-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/702165/000155278123000461/0001552781-23-000461-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/702165/000155278123000461/e23467_nsc-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552781-23-000461
- JSON: https://secwatch.observer/filing/0001552781-23-000461.json
- Plain text: https://secwatch.observer/filing/0001552781-23-000461.txt

## Key facts
- Material Agreements
  NORFOLK SOUTHERN CORP entered into Underwriting Agreement with Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and U.S. Bancorp Investments, Inc. valued at $1,000,000,000 aggregate principal amount of Notes (i) $400,000,000 5.550% Senior Notes due 2034 and (effective 2023-11-20).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and U.S. Bancorp Investments, Inc.
  - Value: $1,000,000,000 aggregate principal amount of Notes (i) $400,000,000 5.550% Senior Notes due 2034 and
  - Effective: 2023-11-20
  source text: On November 20, 2023, Norfolk Southern Corporation (the "Registrant") entered into an Underwriting Agreement (the "Underwriting Agreement") with Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and U.S. Bancorp Investments, Inc., as representatives of the several underwriters named therein, to issue and sell (i) $400,000,000 aggregate principal amount of the Registrant's 5.550% Senior Notes due 2034 (the "2034 Notes") at a public offering price equal to 99.985% of the aggregate principal amount of the 2034 Notes and (ii) $600,000,000 aggregate principal amount of the Registrant's 5.950% Senior Notes due 2064 (the "2064 Notes" and, together with the 2034 Notes, the "Notes") at a public offering price equal to 99.721% of the aggregate principal amount of the 2064 Notes (the "Offering").
  evidence_url: https://www.sec.gov/Archives/edgar/data/702165/000155278123000461/0001552781-23-000461-index.htm

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