secwatch.observer — SEC 8-K summary
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Issuer:     HEXCEL CORP /DE/ (HXL)
CIK:        0000717605
Form:       8-K
Filed at:   2025-02-12T23:59:59+00:00
Accession:  0001140361-25-003947
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hexcel prices $300M of 5.875% Senior Notes due 2035 to refinance 2025 notes
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- $300M aggregate principal of 5.875% senior notes due 2035 priced at 99.985% of par.
- Net proceeds ~$298M to redeem all $300M outstanding of 4.70% Senior Notes due 2025.
- Redemption of old notes scheduled for March 14, 2025, contingent on new notes closing.
- Expected closing of new notes on February 26, 2025; joint book-runners: BofA, Goldman Sachs, J.P. Morgan.
- Extends debt maturity from 2025 to 2035; annual interest cost rises from ~$14.1M to ~$17.6M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/717605/000114036125003947/0001140361-25-003947-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/717605/000114036125003947/ny20042516x3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-003947

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