Union Pacific launches exchange to issue new 5.78% notes due 2040 for 7.875% notes due 2019

By Jennifer Chiou

New York, June 11 - Union Pacific Corp. announced the start of a private offer to exchange any and all of its 7.875% notes due 2019 for new 5.78% notes due 2040.

The company is seeking tenders for exchange for a minimum of $250 million of the 7.875% notes.

Those who tender prior to 5 p.m. ET on June 24 will receive an additional early exchange premium.

The offer will end at 11:59 p.m. ET on July 9.

D.F. King & Co., Inc. is the information agent (call collect 212 269-5550 or 800 714-3312).

The rail transport company is based in Omaha.

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