CSX to pay convertible put in cash

New York, Oct. 2 - CSX Corp. said it will pay the upcoming put on its zero-coupon convertible debentures due 2021 in cash.

The securities are putable on Oct. 30 at their accreted value of $835.65 per $1,000 principal amount at maturity.

The Jacksonville, Fla. railroad had the option to pay the put in cash, stock or a combination.

CSX issued $490 million principal amount at maturity of the convertibles in October 2001.

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