JACKSONVILLE, Fla., Sept. 24 /PRNewswire-FirstCall/ -- CSX Corporation
(NYSE: CSX) today announced that it has notified holders of its Zero Coupon
Convertible Debentures Due October 30, 2021 of the company's obligation to
purchase any of the debentures for $887.94 per $1,000 principal amount at
maturity of the debentures for which a purchase notice is properly delivered
to the company before 12 midnight, Eastern time, Oct. 23, 2008 and not
withdrawn before 5 p.m., Eastern time, Oct. 28, 2008. If the debentures are
required to be purchased by CSX, they will be purchased for cash, paid
promptly following the later of Oct. 30, 2008, or the book-entry transfer of
the debentures to The Bank of New York Mellon Trust Company, N.A., as trustee
for the debentures. The procedures that holders must follow in electing to
require CSX to purchase their debentures are set forth in the debentures and
have been provided in a notice delivered to holders through The Depository
Trust Company by the trustee. A copy of the notice is also posted at the
company's website, www.csx.com.
CSX Corporation, based in Jacksonville, Fla., is a leading transportation
company providing rail, intermodal and rail-to-truck transload services. The
company's transportation network spans approximately 21,000 miles with service
to 23 eastern states and the District of Columbia, and connects to more than
70 ocean, river and lake ports. More information about CSX Corporation and its
subsidiaries is available at the company's website, www.csx.com.
SOURCE CSX Corporation
CONTACT:
David Baggs
Investor Relations
+1-904-359-4812
or Garrick
Francis, Corporate Communications
+1-877-835-5279, both of CSX Corporation
Web site: http://www.csx.com