(The Kansas City Star posted the following article on its website on November 13.)
KANSAS CITY — Kansas City Southern today said its Mexican subsidiary intends to offer about $150 million worth of senior notes due in 2013.
The railroad holding company said its Kansas City Southern de Mexico SA de CV unit plans to use proceeds from the offering to pay off senior notes due 2007 and repay other debt.
In trading Friday on the New York Stock Exchange, Kansas City Southern shares closed at $28.61, near the high end of the 52-week range of $21.85 to $30.26.