Norfolk Southern renewed its corporate headquarters lease in Atlanta for five years through amended agreements with aggregate financing of $498.7 million, now structured as a finance lease.
Key takeaways
Entered amended Participation Agreement, Lease, and Guaranty on April 1, 2026, renewing five-year term for HQ at 650 West Peachtree Street NW.
Aggregate lease financing of approximately $498.7 million with BAL as sole counterparty.
Monthly rent at Term SOFR plus margin; triple-net lease covering all maintenance, taxes, insurance.
Lease now treated as finance lease for reporting, versus prior operating lease.
NSRC end-of-term options: extend five years with consent, purchase Building, or sell to third party.
Norfolk Southern unconditionally guarantees all NSRC obligations.