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CSX buys $4,000 debentures after put; $548 million still outstanding
By Laura Lutz
Des Moines, Oct. 31 - CSX Corp. repurchased $4,000 principal amount at maturity of its zero coupon convertible debentures due 2021 after holders exercised the put option.
Following the expiration of the put, $548 million principal amount at maturity of the debentures remains outstanding.
The company purchased tendered debentures at their accreted value of $861.03 per $1,000 principal amount at maturity.
CSX is a transportation company based in Jacksonville, Fla.
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