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Rail News: Financials
8/17/2004
Rail News: Financials
NS to exchange some unsecured debt securities to extend maturity date
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Today, Norfolk Southern Corp. announced it will begin offering an exchange of new unsecured debt securities for a portion of its 7.35 percent notes due May 15, 2007, to extend the maturity of a portion of the notes to Sept. 17, 2014. The exchange offer expires Sept. 14 at 5 p.m. (EDT).
Norfolk Southern will exchange up to $400 million worth of its outstanding notes due in 2007 for notes maturing in 2014. Merrill Lynch & Co. will serve as the exchange offer's dealer/manager.
Norfolk Southern will exchange up to $400 million worth of its outstanding notes due in 2007 for notes maturing in 2014. Merrill Lynch & Co. will serve as the exchange offer's dealer/manager.