secwatch.observer — SEC 8-K summary
======================================

Issuer:     NORFOLK SOUTHERN CORP (NSC)
CIK:        0000702165
Form:       8-K
Filed at:   2024-01-26T23:59:59+00:00
Accession:  0001552781-24-000023
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Norfolk Southern enters into $800M revolver and $1B term loan facilities
------------------------------------------------------------------------

- New $800M unsecured revolving credit facility matures Jan 2031, amends and restates existing $800M facility from 2020.
- New $1B unsecured 364-day delayed draw term loan facility for general corporate purposes.
- No direct financial obligations have arisen under either facility as of filing date.
- Interest rates vary based on Base Rate or Adjusted Term SOFR; customary covenants include leverage ratio test.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/702165/000155278124000023/0001552781-24-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/702165/000155278124000023/e24024_nsc-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-24-000023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer