-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, J1XYtk1F6MiMYaYsb1+FasotUc9yQSu8e2eFO2kUunyJxkmQcFKq7e63/rF4YArZ DUr5lOEMb7Z5Jvt1IflEAA== 0000950172-97-000188.txt : 19970306 0000950172-97-000188.hdr.sgml : 19970306 ACCESSION NUMBER: 0000950172-97-000188 CONFORMED SUBMISSION TYPE: SC 14D1/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19970305 SROS: NYSE GROUP MEMBERS: ATLANTIC ACQUISITION CORPORATION GROUP MEMBERS: NORFOLK SOUTHERN CORP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CONRAIL INC CENTRAL INDEX KEY: 0000897732 STANDARD INDUSTRIAL CLASSIFICATION: RAILROADS, LINE-HAUL OPERATING [4011] IRS NUMBER: 232728514 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-42777 FILM NUMBER: 97551245 BUSINESS ADDRESS: STREET 1: TWO COMMERCE SQ STREET 2: P O BOX 41417 CITY: PHILADELPHIA STATE: PA ZIP: 19101-1417 BUSINESS PHONE: 2152094434 MAIL ADDRESS: STREET 1: P.O. BOX 41429 STREET 2: 2001 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19101-1429 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CONRAIL INC CENTRAL INDEX KEY: 0000897732 STANDARD INDUSTRIAL CLASSIFICATION: RAILROADS, LINE-HAUL OPERATING [4011] IRS NUMBER: 232728514 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D1/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-42777 FILM NUMBER: 97551246 BUSINESS ADDRESS: STREET 1: TWO COMMERCE SQ STREET 2: P O BOX 41417 CITY: PHILADELPHIA STATE: PA ZIP: 19101-1417 BUSINESS PHONE: 2152094434 MAIL ADDRESS: STREET 1: P.O. BOX 41429 STREET 2: 2001 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19101-1429 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NORFOLK SOUTHERN CORP CENTRAL INDEX KEY: 0000702165 STANDARD INDUSTRIAL CLASSIFICATION: RAILROADS, LINE-HAUL OPERATING [4011] IRS NUMBER: 521188014 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D1/A BUSINESS ADDRESS: STREET 1: THREE COMMERCIAL PL CITY: NORFOLK STATE: VA ZIP: 23510-2191 BUSINESS PHONE: 8046292680 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NORFOLK SOUTHERN CORP CENTRAL INDEX KEY: 0000702165 STANDARD INDUSTRIAL CLASSIFICATION: RAILROADS, LINE-HAUL OPERATING [4011] IRS NUMBER: 521188014 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D1/A BUSINESS ADDRESS: STREET 1: THREE COMMERCIAL PL CITY: NORFOLK STATE: VA ZIP: 23510-2191 BUSINESS PHONE: 8046292680 SC 14D1/A 1 SCHEDULE 14D1 AMENDMENT NO. 5 - --------------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14D-1 (AMENDMENT NO. 5) TENDER OFFER STATEMENT PURSUANT TO SECTION 14(D)(1) OF THE SECURITIES EXCHANGE ACT OF 1934 AND SCHEDULE 13D (AMENDMENT NO. 7) --------------- CONRAIL INC. (Name of Subject Company) NORFOLK SOUTHERN CORPORATION ATLANTIC ACQUISITION CORPORATION (Bidders) COMMON STOCK, PAR VALUE $1.00 PER SHARE (INCLUDING THE ASSOCIATED COMMON STOCK PURCHASE RIGHTS) (Title of Class of Securities) 208368 10 0 (CUSIP Number of Class of Securities) SERIES A ESOP CONVERTIBLE JUNIOR PREFERRED STOCK, WITHOUT PAR VALUE (INCLUDING THE ASSOCIATED COMMON STOCK PURCHASE RIGHTS) (Title of Class of Securities) NOT AVAILABLE (CUSIP Number of Class of Securities) ----------------------------- JAMES C. BISHOP, JR. EXECUTIVE VICE PRESIDENT-LAW NORFOLK SOUTHERN CORPORATION THREE COMMERCIAL PLACE NORFOLK, VIRGINIA 23510-2191 TELEPHONE: (757) 629-2750 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Bidder) ----------------------------- with a copy to: RANDALL H. DOUD, ESQ. SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP 919 THIRD AVENUE NEW YORK, NEW YORK 10022 TELEPHONE: (212) 735-3000 This Amendment amends the combined Tender Offer Statement on Schedule 14D-1 initially filed on February 12, 1997, as amended, and the Schedule 13D initially filed on February 5, 1997, as amended (the "Combined Statement"), by Norfolk Southern Corporation, a Virginia corporation ("Parent"), and its wholly owned subsidiary, Atlantic Acquisition Corporation, a Pennsylvania corporation ("Purchaser"), relating to Purchaser's offer to purchase all outstanding shares of (i) Common Stock, par value $1.00 per share (the "Common Shares"), and (ii) Series A ESOP Convertible Junior Preferred Stock, without par value (the "ESOP Preferred Shares" and, together with the Common Shares, the "Shares"), of Conrail Inc. (the "Company"), including, in each case, the associated Common Stock Purchase Rights, upon the terms and subject to the conditions set forth in the Offer to Purchase, dated February 12, 1997 (the "Offer to Purchase"), and in the related Letter of Transmittal (which, together constitute the "Second Offer"). Unless otherwise defined herein, all capitalized terms used herein shall have the respective meanings given such terms in the Offer to Purchase or the Combined Statement. ITEM 4. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Item 4 is hereby amended and supplemented by the following: (b) Parent, the Arrangers and the Lenders entered into an amendment, dated as of February 28, 1997, to the Credit Agreement, dated as of February 10, 1997, pursuant to which the period during which $1.65 billion of the revolving credit facility (which is the maximum aggregate amount outstanding permitted to be borrowed thereunder prior to the Acquisition Date) is available under the Credit Agreement was extended to August 1, 1998 from August 1, 1997, unless the Acquisition Date occurs on or prior to August 1, 1997, in which case the entire revolving credit facility will be available until the fifth anniversary of the Closing Date. ITEM 11. MATERIAL TO BE FILED AS EXHIBITS. Item 11 is hereby amended and supplemented by the following: (b)(2) Amendment No. 1 to Credit Agreement, dated as of February 28, 1997, by and among Parent, Morgan Guaranty Trust Company of New York, as administrative agent, Merrill Lynch Capital Corporation, as documentation agent, and the banks from time to time parties thereto. SIGNATURE After due inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: March 5, 1997 NORFOLK SOUTHERN CORPORATION By: /s/ JAMES C. BISHOP, JR. ---------------------------------- Name: James C. Bishop, Jr. Title: Executive Vice President-Law ATLANTIC ACQUISITION CORPORATION By: /s/ JAMES C. BISHOP, JR. ---------------------------------- Name: James C. Bishop, Jr. Title: Vice President and General Counsel EXHIBIT INDEX Exhibit Number Description (b)(2) Amendment No. 1 to Credit Agreement, dated as of February 28, 1997, by and among Parent, Morgan Guaranty Trust Company of New York, as administrative agent, Merrill Lynch Capital Corporation, as documentation agent, and the banks from time to time parties thereto. EX-99 2 EXHIBIT (B)(2) - AMENDMENT NO. 1 TO CREDIT AGREEMENT CONFORMED COPY AMENDMENT NO. 1 TO CREDIT AGREEMENT AMENDMENT dated as of February 28, 1997 to the Credit Agreement dated as of February 10, 1997 (the "Credit Agreement"), among Norfolk Southern Corporation, the Banks listed on the signature pages hereof, Morgan Guaranty Trust Company of New York, as Administrative Agent, and Merrill Lynch Capital Corporation, as Documentation Agent. W I T N E S S E T H: WHEREAS, the Borrower and the Banks desire to amend the Credit Agreement as set forth below; NOW, THEREFORE, the parties hereto agree as follows: SECTION 1. Definitions, References. Unless otherwise specifically defined herein, each term used herein which is defined in the Credit Agreement shall have the meaning assigned to such term in the Credit Agreement. Each reference therein to "this Agreement", "hereof", "hereunder", "herein" and "hereby" and each similar reference contained in the Credit Agreement shall from and after the date hereof refer to the Credit Agreement as amended hereby. SECTION 2. Amendment of Section 1.01 of the Agreement. The definition of "Revolving Credit Termination Date" in Section 1.01 is amended to read in its entirety as follows: "Revolving Credit Termination Date" means August 1, 1998; provided that the Revolving Credit Termination Date shall be extended to the date which is the fifth anniversary of the Closing Date if on or prior to August 1, 1997 the Acquisition Date shall have occurred (or, if such fifth anniversary date is not a Euro-Dollar Business Day, the next succeeding Euro-Dollar Business Day unless such Euro-Dollar Business Day falls in another calendar month, in which case the Revolving Credit Termination Date shall be the next preceding Euro-Dollar Business Day). SECTION 3. Amendment of Section 2.12 of the Agreement. Subsection (b) of Section 2.12 is amended to read in its entirety as follows: (b) If the Acquisition Date shall not have occurred on or prior to August 1, 1997 (i) all Term Commitments shall terminate on such date and (ii) the Revolving Credit Commitments, to the extent not theretofore reduced to the same or a lesser amount pursuant to Section 2.09, shall be ratably reduced to an aggregate amount of $1,650,000,000. SECTION 4. Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the State of New York. SECTION 5. Counterparts; Effectiveness. This Amendment may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. This Amendment shall become effective as of the date hereof when the Administrative Agent shall have received duly executed counterparts hereof signed by each of the parties hereto (or, in the case of any party as to which an executed counterpart shall not have been received, the Administrative Agent shall have received telegraphic, telex or other written confirmation from such party of execution of a counterpart hereof by such party). IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective authorized officers as of the day and year first above written. NORFOLK SOUTHERN CORPORATION By /s/ William J. Romig ------------------------------ Title: Vice President and Treasurer MORGAN GUARANTY TRUST COMPANY OF NEW YORK By /s/ Douglas A. Cruikshank ------------------------------ Title: Vice President MERRILL LYNCH CAPITAL CORPORATION By /s/ Christopher Birosak ------------------------------ Title: Vice President BANK OF MONTREAL By /s/ Richard J. McClorey ------------------------------ Title: Director THE BANK OF NEW YORK By /s/ Gregory P. Shefrin ------------------------------ Title: Vice President BANKERS TRUST COMPANY By /s/ Mary Zadroga ------------------------------ Title: Vice President CANADIAN IMPERIAL BANK OF COMMERCE By /s/ Brian E. O Callahan ------------------------------ Title: Director CIBC Wood Gundy Securities Corp., as Agent CREDIT LYONNAIS ATLANTA AGENCY By /s/ Robert Ivosevich ------------------------------ Title: Senior Vice President THE DAI-ICHI KANGYO BANK, LTD., NEW YORK BRANCH By /s/ Robert P. Gallagher ------------------------------ Title: Assistant Vice President DRESDNER BANK AG, NEW YORK AND GRAND CAYMAN BRANCHES By /s/ Anthony Berti ------------------------------ Title: Assistant Treasurer By /s/ Andrew K. Mittag ------------------------------ Title: Vice President THE FIRST NATIONAL BANK OF CHICAGO By /s/ Amy R. Fahey ------------------------------ Title: Vice President FIRST UNION NATIONAL BANK OF NORTH CAROLINA By /s/ Henry R. Biedrzycki ------------------------------ Title: Vice President THE FUJI BANK, LTD. By /s/ Masanobu Kobayashi ------------------------------ Title: Vice President and Manager THE INDUSTRIAL BANK OF JAPAN, LIMITED - NEW YORK BRANCH By /s/ John V. Veltri ------------------------------ Title: Senior Vice President LTCB TRUST COMPANY By /s/ Satoru Otsubo ------------------------------ Title: Executive Vice President THE MITSUBISHI TRUST AND BANKING CORPORATION By /s/ Patricia Loret de Mola ------------------------------ Title: Senior Vice President ROYAL BANK OF CANADA By /s/ Michael J. Madnick ------------------------------ Title: Manager THE SANWA BANK, LIMITED By /s/ William M. Plough ------------------------------ Title: Vice President By /s/ Andrew N. Hammond ------------------------------ Title: Vice President SOCIETE GENERALE By /s/ Ralph Saheb ------------------------------ Title: Vice President and Manager THE SUMITOMO BANK, LIMITED NEW YORK BRANCH By /s/ John C. Kissinger ------------------------------ Title: Joint General Manager THE TOKAI BANK, LIMITED, NEW YORK BRANCH By /s/ Kaoru Oda ------------------------------ Title: Assistant General Manager TORONTO DOMINION (NEW YORK), INC. By /s/ Debbie A. Greene ------------------------------ Title: Vice President UNION BANK OF SWITZERLAND, NEW YORK BRANCH By /s/ Dieter Hoeppli ------------------------------ Title: Vice President By /s/ Samuel Azizo ------------------------------ Title: Vice President WACHOVIA BANK OF NORTH CAROLINA, N.A. By /s/ W. Charles Blocker, Jr. ------------------------------ Title: Vice President ABN AMRO BANK N.V., NEW YORK BRANCH By /s/ Frances O. Logan ------------------------------ Title: Group Vice President By /s/ Thomas T. Rogers ------------------------------ Title: Assistant Vice President BANCA COMMERCIALE ITALIANA, NEW YORK BRANCH By /s/ Charles Dougherty ------------------------------ Title: Vice President By /s/ B. Carlson ------------------------------ Title: Assistant Vice President THE BANK OF TOKYO-MITSUBISHI, LTD. By /s/ William L. Otott, Jr. ------------------------------ Title: Vice President BANQUE PARIBAS By /s/ John J. McCormick, III ------------------------------ Title: Vice President By /s/ Mary T. Finnegan ------------------------------ Title: Group Vice President COMMERZBANK AG, NEW YORK BRANCH By /s/ Juergen Schmieding ------------------------------ Title: Vice President By /s/ Andrew R. Campbell ------------------------------ Title: Assistant Treasurer COMPAGNIE FINANCIERE DE CIC ET DE L'UNION EUROPEENNE By /s/ Sean Mounier ------------------------------ Title: First Vice President By /s/ Marcus Edward ------------------------------ Title: Vice President COOPERATIEVE CENTRALE RAIFFEISEN- BOERENLEENBANK B.A., RABOBANK NEDERLAND By /s/ Ian Reece ------------------------------ Title: Vice President and Manager By /s/ Angela R. Reilly ------------------------------ Title: Vice President CREDIT SUISSE FIRST BOSTON By /s/ Thomas G. Muoio ------------------------------ Title: Associate By /s/ Steven Janauschek ------------------------------ Title: Associate DG BANK DEUTSCHE GENOSSENSCHAFTSBANK By /s/ Leo Von Reissig ------------------------------ Title: Assistant Vice President By /s/ Karen A. Brinkman ------------------------------ Title: Vice President FLEET NATIONAL BANK By /s/ Dorothy E. Bambach ------------------------------ Title: Senior Vice President KEYBANK NATIONAL ASSOCIATION By /s/ Michael J. Landini ------------------------------ Title: Assistant Vice President THE ASAHI BANK, LTD. By /s/ Tatsuo Kase ------------------------------ Title: Manager By /s/ Wit Derby ------------------------------ Title: Vice President THE ROYAL BANK OF SCOTLAND PLC By /s/ Derek Bonnar ------------------------------ Title: Vice President THE SAKURA BANK, LIMITED By /s/ Yoshikazu Nagura ------------------------------ Title: Vice President THE TOYO TRUST & BANKING COMPANY, LIMITED By /s/ T. Mikumo ------------------------------ Title: Vice President WESTDEUTSCHE LANDESBANK GIROZENTRALE, NEW YORK BRANCH By /s/ Cynthia M. Niesen ------------------------------ Title: Managing Director By /s/ Michael F. McWalters ------------------------------ Title: Managing Director BAYERISCHE LANDESBANK By /s/ Peter Obermann ------------------------------ Title: Senior Vice President Manager Lending Division By /s/ Sean O Sullivan ------------------------------ Title: Second Vice President DEUTSCHE BANK AG, NEW YORK AND/OR CAYMAN ISLANDS BRANCH By /s/ Angela Bozorgmir ------------------------------ Title: Assistant Vice President By /s/ Robert M. Wood, Jr. ------------------------------ Title: Vice President LLOYDS BANK PLC By /s/ Michael J. Gilligan ------------------------------ Title: Vice President By /s/ Paul D. Briamonte ------------------------------ Title: Vice President THE NIPPON CREDIT BANK, LTD. By /s/ Yoshihide Watanabe ------------------------------ Title: Vice President and Manager THE YASUDA TRUST & BANKING CO., LIMITED By /s/ Morikazu Kimura ------------------------------ Title: Chief Representative BAYERISCHE HYPOTHEKEN-UND WECHSEL-BANK AG, NEW YORK BRANCH By /s/ Steve Atwell ------------------------------ Title: Vice President By /s/ Uwe Roeder ------------------------------ Title: Vice President BAYERISCHE VEREINSBANK AG, NEW YORK BRANCH By /s/ Marianne Weinzinger ------------------------------ Title: Vice President By /s/ Sylvia K. Cheng ------------------------------ Title: Vice President BHF - BANK AKTIENGESELLSCHAFT By /s/ Evon M. Contos ------------------------------ Title: Vice President By /s/ Thomas J. Scifo ------------------------------ Title: Assistant Vice President CAISSE NATIONALE DE CREDIT AGRICOLE By /s/ David Bouhl ------------------------------ Title: First Vice President Head of Corporate Banking, Chicago CREDIT LOCAL DE FRANCE By /s/ Ducos Philippe ------------------------------ Title: Deputy General Manager By /s/ Mary Power ------------------------------ Title: Vice President THE MITSUI TRUST AND BANKING COMPANY, LIMITED NEW YORK BRANCH By /s/ William W. Hunter ------------------------------ Title: Vice President SUNTRUST BANK, ATLANTA By /s/ Ruth E. Whitner ------------------------------ Title: Assistant Vice President By /s/ Jarrette A. White, III ------------------------------ Title: Group Vice President/ Group Manager BANCA NAZIONALE DEL LAVORO SPA - NEW YORK BRANCH By /s/ Giuliano Violetta ------------------------------ Title: First Vice President By /s/ Miguel J. Medida ------------------------------ Title: Vice President BANQUE FRANCAISE DU COMMERCE EXTERIEUR By /s/ G. Kevin Dooley ------------------------------ Title: Vice President By /s/ Brian J. Cumberland ------------------------------ Title: Assistant Treasurer CREDITANSTALT-BANKVEREIN By /s/ Christina T. Schoen ------------------------------ Title: Vice President By /s/ Richard P. Buckanavage ------------------------------ Title: Vice President CRESTAR BANK By /s/ Bruce W. Nave ------------------------------ Title: Vice President THE SUMITOMO TRUST & BANKING CO., LTD., NEW YORK BRANCH By /s/ Suraj P. Bhatia ------------------------------ Title: Senior Vice President Manager, Corporate Finance Dept. CHIAO TUNG BANK CO., LTD. By /s/ Liang Yuh Tseng ------------------------------ Title: Senior Vice President and General Manager NATIONAL BANK OF KUWAIT SAK By /s/ Mahannad Kamal ------------------------------ Title: Executive Manager By /s/ Robert J. McNeill ------------------------------ Title: Deputy Division Manager STAR BANK, N.A. By /s/ Richard W. Neltner ------------------------------ Title: Vice President PER PRO BROWN BROTHERS HARRIMAN & CO. By /s/ Richard J. Ragoza ------------------------------ Title: Senior Credit Officer BARCLAYS BANK PLC By /s/ L. Peter Yetman ------------------------------ Title: Associate Director COMERICA BANK By /s/ Tamara J. Gurne ------------------------------ Title: Assistant Vice President GULF INTERNATIONAL BANK B.S.C. By /s/ Thomas E. Fitzherbert ------------------------------ Title: Vice President By /s/ I.N. Baconi ------------------------------ Title: Senior Vice President and Branch Manager MORGAN GUARANTY TRUST COMPANY OF NEW YORK, as Administrative Agent By /s/ Douglas A. Cruikshank ------------------------------ Title: Vice President MERRILL LYNCH CAPITAL CORPORATION, as Documentation Agent By /s/ Christopher Birosak ------------------------------ Title: Vice President -----END PRIVACY-ENHANCED MESSAGE-----