Davis Polk Advises CSX Corporation on Its $1 Billion Notes Offering

Davis Polk advised CSX Corporation on its SEC-registered offering of $1 billion aggregate principal amount of senior notes. The offering consisted of $400 million aggregate principal amount of 2.400% senior notes due 2030 and $600 million aggregate principal amount of 3.350% senior notes due 2049.

CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural and consumer products. For nearly 190 years, CSX has played a critical role in the nation’s economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation’s population resides. It also links more than 230 short-line and regional railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike.

The Davis Polk corporate team included partners Richard D. Truesdell Jr. and Shane Tintle and associates Joseph S. Payne, David D. Kim and Annie Li. The tax team included partner Po Sit, counsel Leslie J. Altus and associate Liang Zhang. Associate Michael Comstock provided environmental advice. Associate Sijia Cai provided Investment Company Act advice. All members of the Davis Polk team are based in the New York office.