Kansas City Southern gets $800 five-year revolving credit facility

By Tali Rackner

Norfolk, Va., Dec. 15 – Kansas City Southern entered into an $800 million five-year revolving credit facility on Dec. 9 with Bank of America, NA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The facility includes an up to $25 million standby letter-of-credit facility.

Interest is equal to Libor plus 112.5 basis points to 200 bps, depending on the company’s credit ratings.

At closing, the commitments of the lenders under the existing revolvers of the Kansas City Southern Railway Co. and Kansas City Southern de Mexico, SA de CV will be terminated, and all their obligations were repaid.

Merrill Lynch, Pierce, Fenner & Smith Inc., J.P. Morgan Securities LLC and Citigroup Global Markets Inc. are joint lead arrangers and bookrunning managers. JPMorgan Chase Bank, NA and Citibank, NA are co-syndication agents.

The freight transportation company is based in Kansas City, Mo.

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