debt
confidence high
sentiment neutral
materiality 0.65
Hexcel issues $300M 5.875% Senior Notes due 2035; net proceeds ~$296M
HEXCEL CORP /DE/
- Issued $300M aggregate principal of 5.875% Senior Notes maturing February 26, 2035.
- Net proceeds after underwriting discount and expenses estimated at ~$296M.
- Notes rank equally with existing and future unsecured, unsubordinated debt.
- Interest payable semi-annually on Feb 26 and Aug 26, starting Aug 26, 2025.
- Change-of-control repurchase trigger at 101% of principal; redeemable at par after Nov 26, 2034.