Norfolk Southern Corporation, founded in 1827 and headquartered in Norfolk, Virginia, is a major North American transportation service provider, primarily focused on rail transportation. The company operates a vast network that supports the movement of a diverse range of goods, including coal, automotive products, and intermodal containers, connecting customers to their markets efficiently.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Norfolk Southern began issuing bonds in the early 1990s and has since made significant strides in the debt market, consistently raising capital through various bond offerings. Notably, in 2021, the company issued $1.5 billion in senior notes to finance its ongoing strategic initiatives and optimize its capital structure. The current yields on Norfolk Southern's bonds are competitive within the rail industry, reflecting a solid credit profile, while maintaining features like call provisions, allowing for refinancing opportunities. Recent news highlighted the company's strong credit ratings, which bolster investor confidence in its bond offerings.