KCS Announces Completion of Redemption of KCSM’s Outstanding 7-5/8% Senior Notes Due 2013 and 7-3/8% Senior Notes Due 2014

Dépèche transmise le 9 juin 2011 par Business Wire

KCS Announces Completion of Redemption of KCSM’s Outstanding 7-5/8% Senior Notes Due 2013 and 7-3/8% Senior Notes Due 2014

KCS Announces Completion of Redemption of KCSM’s Outstanding 7-5/8% Senior Notes Due 2013 and 7-3/8% Senior Notes Due 2014

KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE: KSU) announced today that its wholly owned subsidiary, Kansas City Southern de Mexico, S.A. de C.V., a Mexican corporation (the “Company”), has completed the redemption of all of its outstanding 7-5/8% Senior Notes due 2013 (the “7-5/8% Notes”) and its 7-3/8% Senior Notes due 2014 (the “7-3/8% Notes” and together with the 7-5/8% Notes, the “Notes”).

Pursuant to its previously announced cash tender offers, the Company repurchased $22,778,000 principal amount of its 7-5/8% Notes and $134,681,000 principal amount of its 7-3/8% Senior Notes. Following the final settlement of the tender offers, the remaining $9,605,000 principal amount of the 7-5/8% Notes and $30,319,000 principal amount of the 7-3/8% Senior Notes were redeemed on June 7, 2011 by the Company. As previously announced, the tender offers and the redemption of the Notes were funded with the proceeds of the Company’s private offering of $200 million in aggregate principal amount of 6.125% Senior Notes due 2021.

Headquartered in Kansas City, Mo., KCS is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south central U.S. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. KCS’s North American rail holdings and strategic alliances are primary components of a NAFTA Railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada.

This news release contains forward-looking statements that are not based upon historical information. Readers can identify these forward-looking statements by the use of such verbs as “expects,” “anticipates,” “believes” or similar verbs or conjugations of such verbs. Such forward-looking statements are based upon information currently available to management and management’s perception thereof as of the date of this news release. However, such statements are dependent on and, therefore, can be influenced by, a number of external variables over which management has little or no control, including: domestic and international economic conditions; interest rates; the business environment in industries that produce and consume rail freight; competition and consolidation within the transportation industry; fluctuation in prices or availability of key materials, in particular diesel fuel; labor difficulties, including strikes and work stoppages; credit risk of customers and counterparties and their failure to meet their financial obligation; the outcome of claims and litigation; legislative and regulatory developments; political and economic conditions in Mexico and the level of trade between the United States and Mexico; changes in securities and capital markets; disruptions to the Company's technology infrastructure, including its computer systems; natural events such as severe weather, hurricanes and floods; acts of terrorism or risk of terrorist activities; war or risk of war; and other factors affecting the operation of the business of KCS and KCSM. More detailed information about these factors may be found in filings by Kansas City Southern and Kansas City Southern de México, S.A. de C.V. with the Securities and Exchange Commission, including their most recent Annual Reports on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Forward-looking statements are not, and should not be relied upon as, a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at or by which any such performance or results will be achieved. As a result, actual outcomes and results may differ materially from those expressed in forward-looking statements. KCS and KCSM are under no obligation to, and expressly disclaim any such obligation to, update or alter their forward-looking statements, whether as a result of new information, future events or otherwise.

Business Wire

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