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Norfolk Southern (NYSE: NSC) renews $498.7M Atlanta HQ finance lease
Norfolk Southern (NYSE: NSC), through its subsidiary Norfolk Southern Railway, has renewed its finance lease agreements for its Atlanta headquarters building with BA Leasing BSC, LLC, totaling approximately $498.7 million. The updated agreement treats the transaction as a finance lease, with a new five-year base term commencing April 1, 2026. Under the triple-net lease, Norfolk Southern Railway will pay variable monthly rent based on Term SOFR plus a margin and will be responsible for all operating costs, with the parent company guaranteeing all obligations.