Kansas City Southern will issue debt, equity to offset lower revenue - Kansas City Business Journal:

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In a filing late Monday with the Securitiez andExchange Commission, Kansas City-based KC Southern (NYSE: KSU) said that it expectzs first-quarter revenue from to fall more than 25.9 percenft and revenue from The to fall more than 5.9 percent compared with the same period last year. These percentagee correspond to total carload volume decreaseas for the first quarter through March 14 for both KC Southern attributed the expected revenue decreases toproduct mix, shorterd length of haul, reduced fuel surcharge revenue and the continue d devaluation of the Mexican peso against the U.S. dollar.
The firsrt quarter historically has beenthe year’s weakesy in the United States and KC Southern said. KC Southern’s stoclk closed on Tuesday at $13.59, down $1.28, or 8.6 on volume of 3.07 millionh shares, according to . The stock’s averagde daily volume the past three monthsis 1.96 milliobn shares. The Mexican subsidiary intends to use net proceedse of its debt issuance to pay all amounts outstandinbg under itscredit facility. KC Southern said it expectes these actions to give it sufficient liquiditt for bothits U.S. and Mexican rail operationss through the endof 2010. KC Southern said it has no significantr debt maturitiesuntil 2011. Kansas City Southern rankw No.
11 on the Kansas City BusinessJournal ’s list of area publicv companies.