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Published on 6/25/2010 in the Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

Union Pacific extends early exchange date for 7.875% notes to July 9

By Susanna Moon

Chicago, June 25 - Union Pacific Corp. said investors tendered $333.4 million of its 7.875% notes due 2019 in the exchange offer for new 5.78% notes due 2040 as of 5 p.m. ET on June 24.

The company is seeking tenders for exchange for a minimum of $250 million of the 7.875% notes.

Those who tender by the early exchange deadline, which has been extended to 11:59 p.m. ET on July 9, will receive an additional early exchange premium. The early exchange was scheduled to expire at 5 p.m. ET on June 24.

The offer will also end at 11:59 p.m. ET on July 9.

D.F. King & Co., Inc. is the information agent (call collect 212 269-5550 or 800 714-3312).

The rail transport company is based in Omaha.


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