Conrail, CSXT and NSR Announce Correct Record Date of July 23, 2004, for Previously Announced Secured Debt Consent Solicitation
July 27 2004 - 5:03PM
PR Newswire (US)
Conrail, CSXT and NSR Announce Correct Record Date of July 23,
2004, for Previously Announced Secured Debt Consent Solicitation
WASHINGTON, July 27 /PRNewswire-FirstCall/ -- Consolidated Rail
Corporation (Conrail), CSX Transportation, Inc. (CSXT) and Norfolk
Southern Railway Company (NSR) previously announced, in a joint
press release dated July 26, 2004 that, among other things, Conrail
had begun soliciting consents relating to its outstanding equipment
trust certificates and pass through trust certificates. Conrail,
CSXT and NSR announced today that the correct record date for the
solicitation of these consents is July 23, 2004. Morgan Stanley
& Co. Incorporated is the solicitation agent for the secured
debt consent solicitation. CSX Corporation (CSX), based in
Jacksonville, Fla., owns the largest rail network in the eastern
United States. CSXT and its 34,000 employees provide rail
transportation services over a 23,000 route-mile network in 23
states, the District of Columbia and two Canadian provinces. CSX
also provides intermodal and global container terminal operations
through other subsidiaries. Norfolk Southern Corp. (NSC) through
its NSR subsidiary operates 21,500 route miles in 22 states, the
District of Columbia and Ontario, serving every major container
port in the eastern United States and providing connections to
western rail carriers. NSC operates an extensive intermodal network
and is the nation's largest rail carrier of automotive parts and
finished vehicles. Conrail is a principal freight railroad in the
Northeastern United States, and is indirectly owned 58% by NSC and
42% by CSX. ADDITIONAL INFORMATION AND WHERE TO FIND IT Secured
debt consent solicitation materials will be mailed to holders of
Conrail's equipment trust certificates and pass through trust
certificates, as the case may be, in connection with the secured
debt consent solicitation. These documents will contain important
information about the consent solicitation. INVESTORS AND HOLDERS
OF CONRAIL'S EQUIPMENT TRUST CERTIFICATES AND PASS THROUGH TRUST
CERTIFICATES, AS THE CASE MAY BE, ARE URGED TO READ THESE DOCUMENTS
CAREFULLY WHEN THEY BECOME AVAILABLE. Questions and requests for
assistance or for additional copies of the secured debt consent
solicitation materials may be directed to the Information Agent,
Innisfree M&A Incorporated at (877) 456-3507. Banks and brokers
may call collect at (212) 750-5833. DATASOURCE: Norfolk Southern
Corporation CONTACT: Adam Hollingsworth of CSX Corp.,
+1-904-366-2949; Media: Bob Fort, +1-757-629-2710, Investors:
Leanne Marilley, +1-757-629-2861, both of Norfolk Southern Corp.;
Jonathan M. Broder of Consolidated Rail Corp., +1-215-209-5020 Web
site: http://www.nscorp.com/ Company News On-Call:
http://www.prnewswire.com/comp/626525.html
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