|Bid||221.55 x 1400|
|Ask||223.24 x 800|
|Day's Range||220.47 - 223.36|
|52 Week Range||141.22 - 224.62|
|Beta (5Y Monthly)||1.15|
|PE Ratio (TTM)||28.33|
|Earnings Date||Apr 22, 2021|
|Forward Dividend & Yield||3.88 (1.74%)|
|Ex-Dividend Date||Feb 25, 2021|
|1y Target Est||233.19|
Union Pacific Corporation (NYSE: UNP; and "Union Pacific" or the "Corporation") today announced the expiration of its private offers to exchange (1) certain of its outstanding notes and debentures referenced in the first table below for a combination of 2.891% Notes due 2036 (the "New 2036 Notes") and cash (the "2036 Offers"), and (2) certain of its outstanding notes referenced in the second table below for a combination of 3.799% 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, which commenced on March 8, 2021, expired at 11:59 p.m., New York City time on April 2, 2021 (the "Expiration Date"). According to information provided by the exchange agent for the Exchange Offers, Union Pacific received valid tenders from holders of $1,794,759,000 aggregate principal amount of Existing Notes. Union Pacific also announced that, in accordance with its rights as set forth in its offering memorandum dated March 8, 2021 (the "Offering Memorandum") and the related letter of transmittal, it has amended the size of the 2071 Offers by increasing the aggregate principal amount of New 2071 Notes to be issued pursuant to the Exchange Offers from $1,012,201,000 to $1,012,411,000. On April 6, 2021, Union Pacific expects to deliver an aggregate principal amount of $700,977,000 of New 2036 Notes and an aggregate principal amount of $1,012,411,000 of New 2071 Notes, and will pay an aggregate of $256,608,000.90 cash consideration comprised of $98,103,969.91 payable with respect to the 2036 Offers and $158,504,030.99 payable with respect to the 2071 Offers, for the Existing Notes accepted for exchange, as described in greater detail in the tables below, plus accrued and unpaid interest on such Existing Notes and cash in lieu of fractional amounts of the New Notes. Fees and expenses related to the Exchange Offers will be recorded as interest expense and are anticipated to have a negative two cents impact on the Company's diluted earnings per share in the first quarter of 2021.
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Union Pacific Corporation (NYSE: UNP) will release first quarter 2021 financial and operating results on Thursday, April 22, 2021, at 8:00 a.m. ET. The company's management team will host a conference call and live webcast at 8:45 a.m. ET.