After a brief delay associated with new tax legislation, the CTL conductors at Legg Mason Wood Walker have shunted their $215 million bond lease transaction for The Burlington Northern and Santa Fe Railway Company onto the mainline.

Proceeds from the deal will be used to help fund the construction of a 621-acre, intermodal rail yard in Elwood, Ill. - one of the nation's largest - leased to BNSF with a 20-year term and an average life of 14.9 years. BNSF is rated Baa2'/BBB+' by Moody's/S&P.

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