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Rail News: Financials

CSX renews line of credit, increases credit facility

CSX Corp. recently renewed a line of credit and added $1.6 million to a credit facility.

The company will maintain a credit line with a group of 13 banks led by Citizens Trust Bank of Atlanta. In addition, CSX increased the credit facility from $16.9 million to $18.5 million.

The line of credit with the 13 banks “continues to benefit CSX by providing us with … sources of capital for business improvements,” said Executive Vice President and Chief Financial Officer Oscar Munoz in a prepared statement.

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More News from 8/22/2007