Shearman And Sterling

News Apr 22, 2020

Kansas City Southern's $550 Million Notes Offering

Shearman & Sterling represented BofA Securities, Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC, as lead joint book-running managers, in connection with an offering by Kansas City Southern (KCS) of $550 million of its 3.500 percent senior notes due 2050. KCS intends to use the net proceeds from the offering for general corporate purposes, including repurchasing shares of KCS common stock.

KCS is a Delaware transportation holding company with domestic and international rail operations in North America that are strategically focused on the growing north/south freight corridor connecting key commercial and industrial markets in the central United States with major industrial cities in Mexico.

The Shearman & Sterling team below also included Alex Liebmann.

The Team