CSX files debt security, stock shelf

By Angela McDaniels

Seattle, Feb. 14 - CSX Corp. and CSX Capital Trust I registered to sell an undisclosed amount of securities in an S-3ASR filing with the Securities and Exchange Commission on Thursday.

Covered by the shelf are senior and subordinated debt securities, trust preferred securities, preferred stock, common stock, depositary shares and warrants to purchase debt securities, preferred stock or common stock.

Debt securities, trust preferred securities, preferred stock and depositary shares may be structured as convertibles.

Proceeds will be used for general corporate purposes, which may include reduction or refinancing of outstanding debt, capital expenditures, working capital requirements, implementation of work force reductions, improvements in productivity and other cost reductions at CSX's surface transportation units, and redemptions and repurchases of outstanding securities.

The company has already paid a $60,696.54 registration fee for a $900 million initial public offering of securities that was previously registered and not sold.

CSX is a railroad and transportation company based in Jacksonville, Fla.

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