CSX plans to sell notes due 2051 via four bookrunners

By Rebecca Melvin

New York, Dec. 1 – CSX Corp. intends to sell dollar-denominated senior notes due 2051, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will have a make-whole call and then are callable at par. They will be issued in denominations of $2,000 and integral multiples of $1,000 in excess of that.

Barclays, BofA Securities Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are the bookrunners of the registered offering.

The proceeds will be used to redeem in full the company’s outstanding 3.7% notes due Nov. 1, 2023.

The transportation company is based in Jacksonville, Fla.

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