Montag, 08.03.2021 18:05 von PR Newswire | Aufrufe: 15

Union Pacific Corporation Announces Offers to Exchange Certain of Its Outstanding Debt Securities for New Notes and Cash

Ein Union Pacific Frachtzug. © mixmotive / iStock Editorial / Getty Images Plus / Getty Images https://www.gettyimages.de/

PR Newswire


OMAHA, Neb., March 8, 2021 /PRNewswire/ -- Union Pacific Corporation (NYSE:UNP; and "Union Pacific" or the "Corporation") today announced the commencement of private offers to exchange (1) certain of its outstanding notes and debentures as set forth in the first table below for a combination of new notes due 2036 (the "New 2036 Notes") and cash (the "2036 Offers"), and (2) certain other of its outstanding notes as set forth in the second table below for a combination of new notes due 2071 (the "New 2071 Notes" and, together with the New 2036 Notes, the "New Notes") and cash (the "2071 Offers" and, together with the 2036 Offers, the "Exchange Offers").  The outstanding notes and debentures to be exchanged pursuant to the Exchange Offers are collectively referred to as the "Existing Notes."

The Exchange Offers are being conducted upon the terms and subject to the conditions set forth in an offering memorandum dated March 8, 2021 (the "Offering Memorandum"), and the related letter of transmittal.  The Exchange Offers are only made, and copies of the offering documents will only be made available, to a holder of the Existing Notes that has certified its status as (1) a "qualified institutional buyer" as defined in Rule 144A under the Securities Act of 1933 (the "Securities Act") or (2) a person who is not a "U.S. person" as defined under Regulation S under the Securities Act (each, an "Eligible Holder").

The following table sets forth the Existing Notes that are subject to the 2036 Offers:

CUSIP Number

Title of Series

Reference U.S. Treasury Security

Kurse

  
229,48 $
+1,00%
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Bloomberg Reference Page

Fixed Spread (basis points)

Aggregate Principal
Amount
Outstanding

2036 Offers

Acceptance
Priority
Level

Maximum Acceptance Sublimit4

Hypothetical Total Exchange Price1,2,3

New Notes Amount

Hypothetical Cash Payment

907818EY0

3.950% Notes due 2028

1.125% UST due February 15, 2031

FIT1

20

$1,500,000,000

1

$550,000,000

$1,000.00

$144.75

907818FB9

3.700% Notes due 2029

1.125% UST due February 15, 2031

FIT1

30

$1,000,000,000

2

$400,000,000

$1,000.00

$128.25

907818CU0

6.250% Debentures due 2034

1.125% UST due February 15, 2031

FIT1

105

$160,068,000

3

N/A

$1,000.00

$396.54

907818CS5

5.375% Debentures due 2033

1.125% UST due February 15, 2031

FIT1

95

$149,687,000

4

N/A

$1,000.00

$294.56

907818BY3

7.125% Debentures due 2028

1.125% UST due February 15, 2031

FIT1

50

$175,560,000

5

N/A

$1,000.00

$318.28

907818CF3

6.625% Debentures due 2029

1.125% UST due February 15, 2031

FIT1

60

$398,276,000

6

N/A

$1,000.00

$316.92



1.

To be paid in New 2036 Notes and cash per $1,000 principal amount of Existing Notes accepted for exchange in the 2036 Offers, subject to adjustment as described in the section entitled "Determination of the Total Exchange Price and Exchange Price" in the Offering Memorandum.  Hypotheticals shown for illustrative purposes only.  Prices will be determined at 11:00 a.m., New York City Time, on March 22, 2021 (unless the Early Exchange Date (as defined below) is extended by more than two full business days, in which case a new date and time may be established with respect to the Exchange Offers) (such date and time, as they may be extended, the "Price Determination Date").  Cash payment includes $50.00 early exchange premium.  Cash payment excludes accrued and unpaid interest, which will be paid in cash in addition to the Total Exchange Price (as defined in the Offering Memorandum) or the Exchange Price (as defined in the Offering Memorandum), as applicable.



2.

See page B-2 of the Offering Memorandum for illustrative examples of the Total Exchange Prices and Exchange Prices for the Existing Notes exchanged pursuant to the 2036 Offers, including the portions thereof payable in New 2036 Notes and cash. 



3.

For purposes of determining the principal amount of each series of Existing Notes that will be exchanged pursuant to the 2036 Offers, see the section entitled "The 2036 Offers" in the Offering Memorandum.



4.

Subject to adjustment as described in the section in the Offering Memorandum entitled "The Exchange Offers".

The following table sets forth the Existing Notes that are subject to the 2071 Offers:

CUSIP Number

Title of Series

 

Reference U.S. Treasury Security

Bloomberg Reference Page

Fixed Spread (basis points)

Aggregate Principal
Amount
Outstanding

2071 Offers

Acceptance
Priority
Level

Maximum Acceptance Sublimit

Hypothetical Total Exchange Price 5,6,7

New Notes Amount

Hypothetical Cash Payment

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