(Reuters circulated the following article on February 27.)
WASHINGTON — CSX Corp. may periodically sell up to $1.3 billion in debt, common stock, preferred stock, warrants and other securities, according to a regulatory filing on Monday.
The Jacksonville, Florida-based railroad company said it plans to use the proceeds for general corporate purposes including debt repayment, implementation of work force reductions and working capital, according to the filing with the U.S. Securities and Exchange Commission.
Under a shelf registration, a company may sell securities in one or more separate offerings with the size, price and terms to be determined at the time of the sale.