IFLR1000

Kansas City Southern $500 million 4.7% notes offering

3/5/2018
Investment grade bond/note issue
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$ 500 million

Completed

3/5/2018

Overview:

  • Transportation holding company Kansas City Southern has undertaken a $500 million senior notes offering.
  • The notes have a coupon rate of 4.7% and are due 2048.
  • Proceeds will be used for lease refinancing and general corporate purposes.
  • JP Morgan Securities, Merrill Lynch Pierce Fenner & Smith and Morgan Stanley acted as joint bookrunning managers.

Katrin Kostadinova - Data analyst

Jurisdiction:

United States

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

United States

Industry sector:

Transport

Firms:
Shearman & Sterling

Party: JP Morgan Securities (Joint lead bookrunner)

Party: Merrill Lynch Pierce Fenner & Smith (Joint lead bookrunner)

Party: Morgan Stanley (Joint lead bookrunner)

White & Case

Party: Kansas City Southern (Issuer)

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