Kansas City Southern de Mexico completes redemption of all outstanding 7-5/8% senior notes due 2013, 7-3/8% senior notes due 2014

KANSAS CITY, Missouri , June 14, 2011 (press release) – Kansas City Southern 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.

© 2021 Business Wire, Inc., All rights reserved.