Davis Polk & Wardwell LLP advised CSX Corporation on its SEC-registered offering of $800 million aggregate principal amount of senior notes. The offering consisted of $500 million aggregate principal amount of 3.7% notes due 2020 and $300 million aggregate principal amount of 5.5% notes due 2041. J.P. Morgan Securities LLC, Morgan Stanley & Co. Incorporated and Credit Suisse Securities (USA) LLC acted as co-lead managers for the offering.

CSX, based in Jacksonville, Florida, is one of the nation’s leading transportation suppliers. The company provides rail-based transportation services, including traditional rail service and the transport of intermodal containers and trailers. CSX’s principal operating subsidiary, CSX Transportation, Inc., provides an important link to the transportation supply chain through its approximately 21,000 route mile rail network, which serves major population centers in 23 states east of the Mississippi River, the District of Columbia and the Canadian provinces of Ontario and Quebec.

The Davis Polk corporate team included partner Richard D. Truesdell Jr. and associates Wendi Hoeben and Adam Rachlis. The tax team included partner Samuel Dimon and associate Devasish Majumdar. The environmental team included counsel Betty Moy Huber and associate Emma L. Ahrens. Associate Catherine L. Martin provided Investment Company Act advice. Natalie Chan was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.