CSX buys $4,000 debentures after put; $548 million still outstanding

By Laura Lutz

Des Moines, Oct. 31 - CSX Corp. repurchased $4,000 principal amount at maturity of its zero coupon convertible debentures due 2021 after holders exercised the put option.

Following the expiration of the put, $548 million principal amount at maturity of the debentures remains outstanding.

The company purchased tendered debentures at their accreted value of $861.03 per $1,000 principal amount at maturity.

CSX is a transportation company based in Jacksonville, Fla.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.